URI economist says August data point to stateís weak economic performance
Dave Lavallee, 401-874-5862
Augustís Current Conditions Index slides to 42
WHAT: Augustís Current Conditions Index fell all the way to 42, a contraction reading, as only five of the 12 indicators improved that month. Rhode Islandís economy has definitely slowed over the past several months.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: For release today October 11, 2011
HOW: Use attached information, including summary and charts prepared by Lardaro for news reports. He is available for broadcast and print interviews. The new information and other historical information can be found on Lardaroís web site at
http://www.llardaro.com/current.htm. You can read Lardaroís blog at http://rieconomy.blogspot.com.
FOR INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563
Dave Lavallee, URI Department of Communications and Marketing, 401-874-2116.
BACKGROUND: The Current Conditions Index, created by Lardaro, measures the strength of the present economic climate in R.I. by following the behavior of 12 indicators.