Trade
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An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com fell in March for a second consecutive month, dropping one-tenth of a percent to 124.9 from 125 in February. more
The biggest gain in U.S. exports in nine months helped narrow the trade deficit in March, pointing to a revival of global demand that will help the world’s largest economy strengthen. more
The U.S. economy barely grew in the first quarter as harsh winter weather chilled investment and exports dropped. The expansion stalled even as consumer spending on services rose by the most in 14 years. more
Rhode Island exports fell by $31.4 million in February, or 15.8 percent on a month-over-month basis, according to an e-forecasting.com report released Tuesday. more
Rhode Island’s economic outlook ranked No. 41 among the 50 U.S. states according to the 2014 ALEC-Laffer State Economic Competitiveness Index released Tuesday by the American Legislative Exchange Council. Rhode Island’s ranking at No. 41 in the 2014 report was an improvement over last year, when the Ocean State landed at No. 45. more
Rhode Island saw exports fall 12.8 percent from a year earlier in January to $198.8 million, as continued weakness in developed economies as well as slowing in the developing world dampened demand for Ocean State shipments. more
U.S. stocks fell, after the Standard & Poor’s 500 Index climbed to a record close last week, as investors assessed the strength of the economy and developments in Ukraine. more
President Barack Obama’s advisers said the U.S. economy is on track to strengthen and add more jobs in the next two years because many of the impediments to faster growth have subsided. more
The cost of a gallon of self-serve, unleaded regular gasoline increased over the last week in both Rhode Island and Massachusetts, the fourth week in a row that fuel prices went up, according to the weekly survey by AAA Southern New England. more
Manufacturing expanded at a faster pace than projected in February, a sign the industry was beginning to overcome bad weather across much of the United States. more
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