Economic Indicators
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Consumer spending in U.S. increases by most in 5 months
Consumer spending in the U.S. climbed in February by the most in five months as incomes rose, signaling an improving job market is spurring demand. more
Mortgage activity rises in tri-state area in 2012
Overall mortgage activity reached a five-year high in Massachusetts in 2012, with refinance mortgages dominating 83 percent of the market share, according to new data from The Warren Group’s Mortgage MarketShare Module. more
Home prices, sales rise in R.I. in February
Rhode Island single-family home prices rose 11 percent in February compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
Economy in U.S. expanded at revised 0.4% pace in 4Q
The U.S. economy slowed less than previously estimated in the fourth quarter, reflecting a bigger gain in business spending and a smaller trade gap. more
Personal income in R.I. rises in 4Q, 2012
Personal income in Rhode Island grew by 2.4 percent during 2012 and Massachusetts’ personal income grew by 3.2 percent during the year, according to a new report from the U.S. Bureau of Economic Analysis. more
| 3/27/13
Fed’s Rosengren backs bond buying through ’13 to lift growth
Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data. more
R.I. exports increase 19.3% in January
Exports from the Ocean State increased 19.3 percent in January to $227.9 million on a month-to-month, seasonally adjusted basis after dropping 0.5 percent in December, according to an international trade statistics report from e-forecasting.com. more
| 3/27/13
Orders for durable goods rise as U.S. companies expand
Orders for U.S. durable goods climbed more than forecast in February as companies looked past budget squabbles in Washington and focused on expanding capacity to meet growing demand. more
New England jobless rate fell to 7.2% in 2012
The unemployment rate for the New England area fell 0.6 percent points to 7.2 percent in 2012, the U.S. Bureau of Labor Statistics announced Tuesday. more
| 3/26/13
Report: 22% of R.I. children live with an unemployed or underemployed parent
More than 20 percent of children in the Ocean State live with a parent who is either unemployed or underemployed, according to a report from the Urban Institute. more
| 3/26/13
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