URI economist says state’s 3rd quarter disappointing

Media Contact: Dave Lavallee, 401-874-5862 |

URI economist says state’s 3rd quarter disappointing

WHAT: After registering a series of strong values in 2017, the Current Conditions Index for 2018 has had only two very high values, 92, for February and May. The lowest value for 2017 was 75, but six of the nine months this far in 2018 have either matched or fallen below that value. In fact, the index dipped to 67 in August and September of this year, a huge drop from the 92 registered in each of those two months last year.

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

WHEN:  Monday, Nov. 12, 2018 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. The new information and other historical information can also be found on Lardaro’s website at http://www.llardaro.com/current.htm. 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.

Available Online: http://www.llardaro.com/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 Rhode Island by following the behavior of 12 indicators.