URI economist can no longer rule out that R.I. in earliest stages of recovery

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WHAT: Rhode Island’s economic performance in July was highly significant. For the second consecutive month, the Current Conditions Index registered a value in the expansion range (an above-50 value), as 7 of 12 indicators improved.


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


WHEN: For release today Sept. 13, 2010


HOW: Use enclosed 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://members.cox.net/lardaro/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 R.I. by following the behavior of 12 indicators.