Trade
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Real gross domestic product in Massachusetts grew at an annual rate of 4.9 percent in the second quarter, reversing the economy’s contraction in the first quarter and outpacing U.S. economic growth for the same period, local economy journal MassBenchmarks reported in its Current Economic Index Wednesday. more
Gains in consumer spending and business investment helped the U.S. economy rebound more than forecast in the second quarter following a slump in the prior three months that was smaller than previously estimated. 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
When you ask Cheryl Merchant, president and CEO of Hope Global in Cumberland, how she’s doing at the start of a conversation, like most of us she will say she’s doing great. In her case, she truly means it. more
Today’s submarines are billion-dollar boats that can dive to more than 1,500 feet beneath the sea and stay submerged for months at a time. 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
Orders for durable goods unexpectedly slumped in December by the most in five months, reflecting a broad-based retreat that raises the risk business investment will cool in early 2014. more
Exports from Rhode Island climbed 10.5 percent in March compared with the previous month, ending three consecutive months of export declines, according to an e-forecasting.com report released May 27. more
The economy in the U.S. contracted for the first time in three years from January through March as companies added to inventories at a slower pace and curtailed investment. more
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