Economic Indicators
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Tax Foundation: Federal assistance is 38% of R.I. revenue
Federal assistance accounts for 38.3 percent of Rhode Island’s general revenue, according to the Tax Foundation, which released a map on Monday depicting federal aid as part of general revenue for all 50 states. more
| 6/18/13
Regional consumer prices rise 1.2% in May
The Consumer Price Index in the Northeast rose 1.2 percent over the last 12 months to 248.6 in May, according to a report from the U.S. Bureau of Labor Statistics. more
| 6/18/13
Consumer prices in U.S. increased less than forecast in May
The cost of living in the U.S. rose less than forecast in May, restrained by the first drop in food prices in almost four years and signaling inflation remains under control. more
Report: R.I. workers are least engaged
Rhode Island has the highest percentage of “actively disengaged” workers in the United States, according to a report from Gallup. more
| 6/17/13 | 2 comments
U.S. stocks rise as investors weigh stimulus before Fed meeting
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from last week’s decline, as investors weighed prospects for less economic stimulus before this week’s Federal Reserve policy meeting. more
Public confidence in U.S. banks hits 5-year high, Gallup finds
Americans are more confident in U.S. banks than they’ve been in five years as an improving economy helps lenders boost profit and repair their balance sheets, a new Gallup poll found. more
R.I. exports continue to fall in April, but outlook positive
Exports from the Ocean State dropped 15.1 percent in April to $155.5 million on a month-to-month, seasonally adjusted basis after falling 5.1 percent in March, according to an international trade statistics report from e-forecasting.com. more
| 6/14/13
Foreclosures starts, completions fall in Providence metro in May
Foreclosure starts in the Providence metro area fell 18 percent in May compared with the same period last year and completed foreclosures dropped 30 percent, according to RealtyTrac. more
Retail sales in U.S. increased more than forecast in May
Retail sales in the U.S. rose more than forecast in May, showing job gains and lower borrowing costs are encouraging consumers to spend. more
Personal income grows in R.I. in recent years
Personal income in Rhode Island grew 1.5 percent from 2010 to 2011, but fell short of that mark from 2007 to 2011, as the Great Recession held real personal income growth to 0.5 percent, according to a report released Wednesday by the U.S. Bureau of Economic Analysis. more
| 6/12/13
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