URI economist: R.I. has restored its momentum

Current Conditions Index at 83 for third straight month

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WHAT: The Current Conditions Index for June was 83, as 10 of the 12 indicators improved. The higher values the state has been experiencing represent a sustained acceleration compared to last year. The state has now beaten last year’s Current Conditions Index value for each of the six months of 2017, an exceptionally rare accomplishment in Rhode Island.

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

WHEN: Tuesday, Aug. 15, 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.

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.