Lardaro: CCI improves from April, but state performing poorly

WHILE MAY'S CURRENT CONDITIONS INDEX reading of 50 is neutral, and is an improvement on a revised reading of 42 in April, University of Rhode Island economist Leonard Lardaro is concerned that the Ocean State' economy is falling behind the rest of the nation. / COURTESY LEONARD LARDARO
WHILE MAY'S CURRENT CONDITIONS INDEX reading of 50 is neutral, and is an improvement on a revised reading of 42 in April, University of Rhode Island economist Leonard Lardaro is concerned that the Ocean State' economy is falling behind the rest of the nation. / COURTESY LEONARD LARDARO
SOUTH KINGSTOWN – The state’s economy “improved” to a neutral value of 50 in May, reported University of Rhode Island economist Leonard Lardaro in his latest Current Conditions Index, but shows a “troubling trend” of not exceeding that value in three months. Released on Monday, the May 2016 CCI shows an eight-point increase from April’s…

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