2012 Q3 Economic Data Revises Estimates Upward

Rhode Island public Expenditures Council

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2012 Q3 Economic Data Revises Estimates Upward

Based on the Rhode Island Current Economic Indicator (CEI) for the third quarter of 2012, Rhode Island’s economy in the first and second quarters of the year expanded faster than previously published.  The leading indicator, which projects the next quarter growth rate, estimates the state economy will increase at an annualized rate of 1.8 percent, more than three times higher than previous estimates.  The full press release is here and the full briefing is here.