WHAT: The December Current Conditions Index of 75 is a slight decline from November (and much of 2017), but the yearly performance of a host of indicators has remained fairly good. But monthly trends are not very encouraging. The Index’s “improvements” in 2017 are not at all surprising, given that for two quarters of 2016, Rhode Island had very negative rates of growth (based on its real GDP).
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: Embargoed until Monday, Feb. 12, 2018 at 12:05 a.m.
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 website 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 Rhode Island by following the behavior of 12 indicators.