Economic Activity

Manufacturing
May 24

Orders for U.S. durable goods increase more than forecast

Orders for U.S. durable goods increased more than forecast in April, pointing to gains in business investment that will help manufacturing rebound in the second half of the year.
Economic Indicators
May 23

R.I. outlook ranks 45th on ‘Rich States, Poor States’ report

Rhode Island’s economic outlook ranked No. 45 among the 50 states according to the 2013 ALEC-Laffer State Economic Competitiveness Index released by the American Legislative Exchange Council. Rhode Island’s No. 45 rank represented a slip from last year’s report, in which the Ocean State ranked No. 43.
Economic Indicators
May 23

Metro area foreclosure, delinquency rates fall in March

The Providence-Fall River-New Bedford area foreclosure rate fell 0.11 percentage points for March compared with the same period in 2012, CoreLogic said Thursday.
Trade
May 23

Exports from R.I. fall 5.1% in March

Exports from the Ocean State fell 5.1 percent in March to $183.1 million on a month-to-month, seasonally adjusted basis after falling 15.3 percent in February, according to an international trade statistics report from e-forecasting.com.
Economic Indicators
May 23
Comments (1)

Jobless claims in U.S. dropped more than forecast last week

Fewer Americans than projected filed applications for unemployment benefits last week, a sign that the job market is sustaining recent gains.
Real Estate
May 22

Sales of existing U.S. homes rise to 3-year high

Sales of previously owned U.S. homes climbed in April to the highest level in more than three years even as the market remained constrained by a lack of inventory and strict borrowing rules.
Economic Indicators
May 22

Report: Despite growth, R.I. recovery ‘still lags’

Even though Rhode Island has gained some economic strength in 2013, the Ocean State “still lags behind other states in New England when looking at major economic indicators such as growth of the gross state product and the unemployment rate,” according to the spring 2013 New England Economic Outlook report from the New England Economic Partnership.

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