Updated April 25 at 4:56pm
Trade
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The trade deficit in the United States unexpectedly narrowed in July to the lowest level in six months as exports climbed to a record. more
Imports dropped in June by the most in a year as the U.S. economy moved closer to energy independence, helping the trade deficit unexpectedly narrow. more
Lending to Russian companies reached a crescendo last year, with international banks pledging $31 billion to OAO Rosneft to buy TNK-BP. As sanctions are tightened against the nation, however, even the smallest deals have dried up. more
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
Exports from Rhode Island rose 15.6 percent in May compared with a year earlier, climbing to $190.4 million from $164.7 million in May 2013, according to an e-forecasting.com report released Monday. more
The U.S. debt held by the public is expected to rise to 106 percent of the economy in 2039 from 74 percent this year, largely driven by increases in the cost of health benefits, the Congressional Budget Office said. more
An index of Rhode Island’s leading economic indicators rose 0.4 percent in May to 126.8 from 126.3 in April, the second consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
The trade deficit in the U.S. narrowed more than forecast in May on record exports, signaling a pickup in global growth that will boost American manufacturers. more
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled. more
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