Lardaro: R.I.’s economy slows in August despite scattered growth

THE CCI in Rhode Island was 67, indicating expansion. However, the value declined from a value of 83 one month prior. / COURTESY LEONARD LARDARO
THE CCI in Rhode Island was 67, indicating expansion. However, the value declined from a value of 83 one month prior. / COURTESY LEONARD LARDARO
PROVIDENCE – The state’s current conditions index for August matched its value from one year ago at 67, a decline from 83 one month prior. Despite a slowdown in August, Rhode Island’s economy didn’t weaken as much as the numbers indicate, University of Rhode Island economist Leonard Lardaro said Monday. A CCI value below 50 signals…

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