Lardaro – CCI holds steady with help from retail sales

THE CURRENT CONDITIONS INDEX was 58 in May for Rhode Island, indicating expansion. / COURTESY LEONARD LARDARO
THE CURRENT CONDITIONS INDEX was 58 in May for Rhode Island, indicating expansion. / COURTESY LEONARD LARDARO
PROVIDENCE – Rhode Island’s Current Conditions Index remained at a value of 58 in May, showing no change from the two previous months, but prompting tentative confidence in the state’s economy from University of Rhode Island economist Leonard Lardaro. “As of May, I do not believe Rhode Island has entered into any stage of recession,…

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