Economic Activity

A 10% TARIFF on some Chinese products on many holiday-shopping lists will be delayed by Trump administration until mid-December. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

U.S. delays China tariffs on some holiday-shopping favorites

WASHINGTON – The Trump administration will delay until mid-December the 10% tariff on some Chinese products on many holiday-shopping lists.By granting a grace period...
THE UNITED STATES fiscal budget deficit grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget deficit grows to $866.8B in July, tops last year’s...

WASHINGTON – The United States fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue.The gap grew to...
NORTHEAST REGION CPI in July increased 1.7% year over year, not seasonally adjusted, 10 basis points slower than the U.S. city average CPI growth. / BLOOMBERG FILE PHOTO/BRENT LEWIN

Northeast CPI increases 1.7% in July

PROVIDENCE – The consumer price index in the Northeast region increased 1.7% year over year in July, not seasonally adjusted, according to the U.S....
RHODE ISLAND'S current conditions index hit 75 in June, tying a year-to-date high. /COURTESY LEONARD LARDARO

R.I. CCI index ties highest mark of year in June

PROVIDENCE – Rhode Island’s current conditions index tied its highest mark so far this year by hitting a value of 75 in June.Although the...
THE U.S. INTERIOR DEPARTMENT has extended the environmental review of the Vineyard Wind wind farm project, putting the project's future in jeopardy. Above, the Block Island Wind Farm. / BLOOMBERG NEWS FILE PHOTO/ERIC THAYER

Federal delay casts doubt on Vineyard Wind

NEW YORK – The Trump administration cast the fate of the nation’s first major offshore wind farm into doubt by extending an environmental review...
THE CORE PRODUCER -PRICE Index in the United States declined 0.1% from the prior month in July. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

Core U.S. producer-price index posts first drop in two years

WASHINGTON – A measure of underlying United States producer prices unexpectedly fell in July, with the first drop since early 2017 adding to signs...
RHODE ISLAND GDP was projected to have increased at an annualized rate of 1.7% in the second quarter of 2019. / COURTESY RHODE ISLAND PUBLIC EXPENDITURE COUNCIL AND THE CENTER FOR GLOBAL AND REGIONAL ECONOMIC STUDIES AT BRYANT UNIVERSITY

Report: R.I. GDP growth slows in Q2

PROVIDENCE – The gross domestic product in Rhode Island was estimated to have expanded at a 1.7% annualized rate in the second quarter of...
MOVING IN: Boscov’s Chairman and CEO Jim Boscov stands in what will be the new store in Providence Place mall, where it will replace the departed Nordstrom. 
 / PBN PHOTO/MICHAEL SALERNO

Boscov’s could be just what the mall doctor ordered for R.I.

With the first lengthy look at the owner of Providence Place mall in this week’s issue of PBN, the region has had the chance...
U.S. JOBLESS CLAIMS declined to to 209,000 last week. / BLOOMBERG NEWS FILE PHOTO/JEFF KOWALSKY

U.S. jobless claims Aug. 3: Drop shows firm labor market

WASHINGTON –  Applications for United States unemployment benefits declined for the second time in three weeks, indicating the labor market is holding steadfast in...
THERE WERE 190 bankruptcy filings in Rhode Island in July.

190 file for bankruptcy in R.I. in July

PROVIDENCE – There were 190 bankruptcy filings in July in Rhode Island, a 12.4% increase year over year, according to U.S. Bankruptcy Court.Of those...
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