URI economist says state’s recovery ‘slow, somewhat tenuous’

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Current Conditions Index hits 50 for November


WHAT: After sputtering last month, Rhode Island’s recovery appears to be sustaining itself, although not by very much. In October, the Current Conditions Index fell to 42, a contraction value, while November’s index rose to 50, its neutral value, with six of 12 indicators improving


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


WHEN: For release today Jan. 10, 2011


HOW: Use enclosed 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 web site at http://members.cox.net/lardaro/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 R.I. by following the behavior of 12 indicators.