URI economist’s index reflects ‘fairly strong’ momentum

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Current Conditions Index hits 67 for second straight month


WHAT: Think of the Current Conditions Index values as the number of cylinders on which the state’s economy is running. For February, the state was operating on eight cylinders out of 12, a healthy number. So Rhode Island’s cyclical momentum continues to be fairly strong.


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


WHEN: For release today April 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 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.