URI economist says that state appears to be gaining momentum as fourth quarter begins

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

WHAT: As the fourth quarter begins, Rhode Island’s economy appears to have regained some of the momentum it lost earlier this year. The Current Conditions Index for October was 83, tied for its highest value of this year with July. Ten of the 12 indicators improved. The Current Conditions Index also bettered its year-earlier value for only the second time this year.

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

WHEN: Monday, Dec. 16, 2019

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.