WHAT: For March, the Current Conditions Index fell from its February value of 92, which occurred numerous times last year, to 75. Overall, nine of the 12 indicators improved in March. But March’s value failed to exceed its year-earlier value for the second time in the last three months. Only three of the five leading economic indicators contained in the CCI improved in March.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: Monday, May 14, 2018
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.
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.