Lardaro: R.I. April CCI shows economic expansion but also weakening momentum

THE CURRENT CONDITIONS Index value in April was 58, marking economic expansion. URI economist Leonard Lardaro said despite the expansion, the indicators showed slowing economic momentum in the state. / COURTESY LEONARD LARDARO
THE CURRENT CONDITIONS Index value in April was 58, marking economic expansion. URI economist Leonard Lardaro said despite the expansion, the indicators showed slowing economic momentum in the state. / COURTESY LEONARD LARDARO
PROVIDENCE – The Current Conditions Index for Rhode Island in April had a value of 58, according to University of Rhode Island economist Leonard Lardaro Monday, marking economic expansion but also begins the quarter on a “cautionary note.” A value above 50 indicates expansion, while a figure under 50 indicates economic contraction. This is the…

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