WHAT: Rhode Island ended the first quarter of the year on a continuing note of concern. The Rhode Island economy didn’t just begin to slow in the first quarter of this year, however. The Current Conditions Index has shown that since 2015, the state’s economic performance has been spotty at best and consistently disappointing. While the Current Conditions Index rose from its downwardly revised value of 33 in February to 50 in March 2019, the March 2018 value was 83.
WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.
WHEN: Embargoed until Monday, May 13, 2019 at 12:01 a.m.
HOW: Use attached information, including summary and charts prepared by Lardaro for news reports. He is available for broadcast and print interviews. 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. Additional information and historical data available online: http://www.llardaro.com/current.htm.
FOR INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563.
Dawn Bergantino, URI Department of Communications and Marketing, 401-874-4147.
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.