December Current Conditions Index rises to 75

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URI economist points to a number of strong indicator performances


WHAT: Rhode Island ended the year with a very strong December performance. So, while the fourth quarter was still disappointing overall, several of the strong numbers posted in December give reason for hope. December’s Current Conditions Index was 75, rising from consecutive values of 58 for October and November. The December 2013 value was also 58.


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


WHEN: For release Monday, February 16, 2015


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 Rhode Island by following the behavior of 12 indicators.