Updated June 26 at 11:25am
Trade
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America’s merchandise trade deficit shrank to $60.5 billion in November from $61.3 billion the prior month, advanced data issued by the Commerce Department showed on Tuesday. more
The trade deficit unexpectedly widened in October as weaker foreign orders for U.S. goods and services outweighed a cooling in imports. more
Rhode Island ranked 34th in the nation for its lack of export growth during the first nine months of the year, according to e-forecasting.com. more
(Updated, 1:45 p.m., Nov. 14) The recently completed Trans-Pacific Partnership has benefits for Rhode Island businesses and communities as it will eliminate all foreign import taxes on industrial and consumer goods, according to the U.S. Commercial Service. more
A proposal to offer tax incentives to a Canadian company that wants to establish a cement distribution facility at the Port of Providence drew support from construction trade unions and the administration of Mayor Jorge O. Elorza Thursday, at a public hearing of the City Council Finance Committee. more
The U.S. trade gap shrank in September to a seven-month low, reflecting declining purchases of foreign fuel as the world’s largest economy continued its drive toward energy independence. more
Rhode Island ranked 31st among the 50 states for its 6.7 percent drop in exports during the first eight months of the year compared with the same period last year, according to e-forecasting.com. more
(Updated 3:03 p.m.) Passenger traffic increased in September at T.F. Green Airport by 1.1 percent to 300,284 from 297,077 during the same month a year ago. more
The U.S. trade deficit widened in August by the most in five months as imports picked up and weaker overseas growth limited sales to customers abroad. more
Rhode Island ranked 28th in the nation for a 4.2 percent drop in exports for the first seven months of the year compared with the same period last year, according to e-forecasting.com. more
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