WHAT: The Current Conditions Index fell from its March value of 75 to 67 in April. Overall, eight of the 12 indicators improved in April. April’s CCI was lowest this year, but it was also the lowest value extending all the way back to November of 2016. So far in 2018, the CCI has failed to exceed its year-earlier value for three of four months.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: Monday, June 11, 2018
HOW: Use attached information, including summary and charts prepared by Lardaro for news reports. He is available for broadcast and print interviews. 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.
FOR INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563
Carol McCarthy, URI Department of Communications and Marketing, 401-874-4147.
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.