Manufacturing
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An index of Rhode Island’s leading economic indicators increased 0.6 percent in July after an increase of 0.4 percent in June, the fifth consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
Registering a positive value of 75, Rhode Island’s economic momentum for July is providing a “glimmer of hope” in a year that has mostly disappointed to date, University of Rhode Island economist Leonard Lardaro said Monday. more
It’s no accident that most cardboard cereal boxes lined up on the shelf in your supermarket are exactly the same size and shape, their edges trimmed to the millimeter. more
Business activity appears to be improving in New England, with retail and manufacturing companies throughout the region reporting increases in revenue or year-over-year sales and commercial and real estate markets largely unchanged from the last report, according to the Federal Reserve Board’s Beige Book released Sept. 3. more
Lego A/S expanded revenue in the first half, bridging the gap with toy industry market leader Mattel Inc. as consumers flocked to pick up play sets from box office hit “The Lego Movie.” more
Chrysler Group LLC reported its best August for U.S. vehicle deliveries in 12 years, while Ford Motor Co., Toyota Motor Corp. and Nissan Motor Co. also posted results that surpassed analysts’ projections. more
Manufacturing expanded in August at the fastest pace in three years as orders grew by the most in a decade, showing U.S. factories will help power the economy into the third quarter. more
Several cycles of Pentagon budget cuts and plans for a smaller U.S. military haven’t dimmed the optimism of the southern New England defense sector. Largely thanks to submarine giant General Dynamics Electric Boat, the industry has remained stable over the last several years and could even see growth ahead. But military contractors and the numerous companies linked to their supply chain are not relying solely on the political clout of the local congressional delegation to keep contracts comings. more
Lincoln-based A.T. Cross Co., a portfolio company of Clarion Capital Partners, has signed an asset-purchase agreement to acquire Sheaffer, the fine-writing-instrument business of Clichy, France-based BIC for approximately $15 million. more
A new Rhode Island law strengthening safety regulations related to the sale of children’s jewelry goes into effect in November. It updates 2012 legislation passed and signed into law requiring all jewelry and charms manufactured in Rhode Island for children aged 12 and younger must meet standards set by the American Society for Testing and Materials. more
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