URI economist: First half of 2017 very favorable for R.I.

Current Conditions Index represents sustained acceleration

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WHAT: The Current Conditions Index for May was 83, as 10 of the 12 indicators improved. The value for May 2016 was 50. Values above 50 reflect that more than half of the indicators have improved, while values below 50 reflect contraction.

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

WHEN: Monday, July 17, 2017.

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, http://www.llardaro.com/current.htm. Lardaro will blog 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, 401-874-5862.

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.