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URI economist: August results show strength in R.I. economy

Media Contact: Dave Lavallee, 401-874-5862

WHAT: The August results show some real strength and quite possibly a re-acceleration in Rhode Island’s economic momentum moving forward. So, any discussion of the potential for reaching “stall speed” should be put on the backburner at this point. For August, eight of the 12 Current Conditions Index indicators showed improvement, giving a monthly value of 67 using the official data that “we know is flawed.” Based on Professor Lardaro’s simulations, the more accurate value is 75.

WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.

WHEN: For release Monday, October 15, 2012

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 also be found on Lardaro’s web site at http://www.llardaro.com/current.htm. Lardaro will be blogging about the new labor data during the coming weeks. You can find his discussion and charts at http://rieconomy.blogspot.com.
Available Online: http://www.llardaro.com/current.htm (NEW URL) Blog: 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.

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