URI economist says state maintains positive direction at start of 4th quarter
Dave Lavallee, 401-874-5862
WHAT: Rhode Island began the fourth quarter by continuing its positive, though not exactly stunning, momentum. The Current Conditions Index rose from 67 (revised down) in September to 75 in October, as 9 of 12 indicators improved. Importantly several of those improvements were quite stunning.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: For release today, December 17 2013
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.
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.