Lardaro: ‘Abysmal’ R.I. February CCI potential sign of oncoming recession

THE RHODE ISLAND CCI VALUE in February was 42, indicating contraction. / COURTESY LEONARD LARDARO
THE RHODE ISLAND CCI VALUE in February was 42, indicating contraction. / COURTESY LEONARD LARDARO
PROVIDENCE – The Current Conditions Index for Rhode Island was 42 in February, indicating contraction, according to University of Rhode Island economist Leonard Lardaro Monday. The CCI measures several local and national economic indicators. A value below 50 indicates contraction while a value over 50 indicates economic expansion. Lardaro called the economic indicators in February…

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