Posts Tagged with “CEI”

Indicators show R.I. stalled, no relief soon

August 17th, 2012

The Providence Journal reports that economic growth in Rhode Island slowed down over the first half of 2012 and the rate is expected to remain sluggish in the next quarter, according to the latest report by Bryant University and the Rhode Island Public Expenditure Council.

NOTE: Some news sites require registration; some links may expire

R.I. Current Economic Indicator for Q2: Growth slowed significantly

August 14th, 2012

PROVIDENCE, R.I.  - The Rhode Island Current Economic Indicator (CEI) for the second quarter of 2012 indicates Rhode Island's economic growth slowed significantly over the first half of 2012.  The leading CEI indicates that, at least in the short term, Rhode Island's economic difficulties will continue.

According to a briefing released today by Bryant University and the Rhode Island Public Expenditure Council (RIPEC), the CEI for the second quarter of 2012 increased by just 0.4 percent (annualized), only slightly higher than the 0.3 percent growth rate the quarter prior (revised downward from 0.95 percent).  The CEI for the third quarter projects continued lackluster growth of 0.5 percent.

Read More...

R.I. Current Economic Indicator suggests economic stagnation, hints at increasing risk of double-dip recession

May 10th, 2012

SMITHFIELD, R.I.  - With very slow rates of economic growth, the state economy has been stuck since the first quarter of 2011, according to the Rhode Island Current Economic Indicator (CEI).

According to a briefing released today by Bryant University's Center for Global and Regional Economic Studies and the Rhode Island Public Expenditure Council (RIPEC), the CEI for the first quarter of 2012 increased 1 percent (annualized rate).

"The indicator signifies that Rhode Island's economy is stagnating, and that growth is predominantly the result of external factors, which are also showing signs of slowing," said John Simmons, executive director of RIPEC. "While there are some positive signs, the question is whether the economic conditions in the state will continue to improve, and at what rate."

Read More...

RI economy stalls in second half

February 10th, 2012

The Providence Business News reports on the Bryant University-RIPEC finding that the Ocean State lost most of the economic momentum it experienced in the first two quarters of 2011.

NOTE: Some news sites require registration; some links may expire

Bryant-RIPEC numbers show little movement in second half of 2011

February 10th, 2012

The Providence Journal reports on the Bryant-Rhode Island Public Expenditure Council's findings that Rhode Island has lost most of the economic momentum it experienced in the first half of 2011, with growth "nearly halted" in the second half of last year.

NOTE: Some news sites require registration; some links may expire

RI economy stalled, reports Bryant and RIPEC

February 10th, 2012

GoLocalProv.com reports that the Bryant-Rhode Island Public Expenditure Council's Current Economic Indicator (CEI) for the fourth quarter of 2011 shows the state losing most of the economic momentum experienced in the first two quarters of 2011.

NOTE: Some news sites require registration; some links may expire

Briefing for R.I.’s fourth quarter shows a stalling state economy

February 10th, 2012

SMITHFIELD, R.I.  — The Rhode Island Current Economic Indicator (CEI) for the fourth quarter of 2011 indicates that the state has lost most of the economic momentum experienced in the first two quarters of 2011.

According to a briefing released today by Bryant University and the Rhode Island Public Expenditure Council (RIPEC), the CEI for the fourth quarter increased only 0.7 (annualized) - roughly the same increase seen in the third quarter and significantly lower than the 2.6 percent in the second quarter. In addition, projections show that the state's economy will expand just 0.9 percent in the second quarter of 2012.

Read More...

Outlook bleak for job growth in R.I., Bryant economic forecast shows

November 3rd, 2011

Rhode Island's economy is losing momentum, according to an economic forecast produced by the Rhode Island Public Expenditure Council and Bryant University.

"The pace of job creation is poised to be slow, and unemployment will remain high," the report states. (Contact Tracie Sweeney to receive a .pdf of the RIPEC-Bryant University report for Q3 2011; the .pdf will be available online after 8 p.m. Nov. 3.)

'We need consistent, sustainable growth" before the national economy will help pull Rhode Island along, Edinaldo Tebaldi, assistant professor of economics at Bryant, told the Providence Journal.  Until the United States sees that kind of growth rate for at least a year, Rhode Island will "still be feeling the pain," Tebaldi told the newspaper.

NOTE: Some news sites require registration; some links may expire

State’s growth slows, according to R.I. Current Economic Indicator

November 3rd, 2011

SMITHFIELD, R.I. - The Rhode Island Current Economic Indicator (CEI) shows that the pace of the economic recovery slowed significantly in the third quarter of 2011, creating a dark cloud looming over future growth.

According to a briefing released today by Bryant University and the Rhode Island Public Expenditure Council, the CEI increased 0.9 percent (annualized rate). This is significantly lower than the 2.2 percent in the second quarter and much slower than projected in the 2011 Q2 Briefing.

A .pdf of the briefing is available here.

Read More...

State’s economy expanded faster than national economy in Q2, according to R.I. Current Economic Indicator

August 9th, 2011

SMITHFIELD, R.I.  - Despite a significant slowdown in the U.S. economy in the first two quarters of 2011, Rhode Island sustained its economic recovery and expanded faster than the national economy. Moreover, the Rhode Island Leading Economic Indicator projects the economy will expand 2.2 percent (annualized rate) over the next two quarters.

These are some of the findings of the Rhode Island Current Economic Indicator (CEI) for the second quarter of 2011, released in a briefing today (Aug. 9) by Bryant University and the Rhode Island Public Expenditure Council (RIPEC). (A .pdf of the briefing is available here.)

Read More...