URI economist says August data point to state’s weak economic performance

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August’s Current Conditions Index slides to 42

WHAT: August’s Current Conditions Index fell all the way to 42, a contraction reading, as only five of the 12 indicators improved that month. Rhode Island’s economy has definitely slowed over the past several months.

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

WHEN: For release today October 11, 2011

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 be found on Lardaro’s web site at

http://www.llardaro.com/current.htm. You can read Lardaro’s blog 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 R.I. by following the behavior of 12 indicators.