Economic Indicators
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Clouds clearing, but forecast for R.I. remains dark
The Rhode Island economy has shown some signs of improvement in 2012. more
Guest Column:
Edward M. Mazze and Edinaldo Tebaldi | 12/10/12
Mortgage rates for 30-year U.S. loans rise to a 6-mo. high
U.S. mortgage rates for 30-year loans rose to a six-month high after stronger-than-expected employment growth drove up yields for the government securities that guide home loans. more
R.I. ranks No. 37 on best states for businesses list
Rhode Island earned the No. 37 slot on Chief Executive Magazine’s list of the “2013 Best & Worst States for Businesses,” moving two spots up from its 2012 ranking. more
| 5/9/13
Retail sales in the U.S. beat Sept. forecasts
Retail sales in the U.S. rose more than projected in September, reflecting broad-based gains that indicate household spending helped bolster economic growth last quarter. more
Bloomberg News | 10/22/12
Fitch says top AAA sovereign ratings under pressure in 2013
Fitch Ratings said its AAA credit rankings on France, the United States and the United Kingdom are likely to come under pressure this year due to slow economic growth and high debt levels. more
R.I.’s momentum slows in Feb.
The first two months of 2013 haven’t seen the economic growth that late 2012’s accelerated recovery might have suggested, according to University of Rhode Island economist Leonard Lardaro’s Current Conditions Index, released Monday. more
Pending sales of existing homes climbed 1.5% in March
More Americans than forecast signed contracts in March to buy previously owned homes, another indication of progress in the housing market. more
Shoppers waiting longer for back-to-school purchases
Stuart Solup has been running Irving’s Shoe Store in Portsmouth since the 1970s, and in that time he’s had a keen view of back-to-school shopping trends. In fact, Solup says that the back-to-school season accounts for about 30 percent of his yearly business. more
Home prices rise 1% in the Prov. metro area in Feb.
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 1 percent from February 2012 to February 2013, according to CoreLogic’s Home Price Index. more
| 4/3/13
Business formations fall 4% in 1Q
After two consecutive years of year-over-year first-quarter increases in business formations, the number of new businesses created during the first three months of 2013 fell nearly 4 percent compared with the first quarter of 2012, Secretary of State A. Ralph Mollis announced Monday. more
| 4/22/13
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