RI Economic Growth Slows in Last Quarter of 2012

Rhode Island public Expenditures Council

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RI Economic Growth Slows in Last Quarter of 2012

PROVIDENCE, R.I. (February 2013) – Based on the Rhode Island Current Economic Indicator (CEI) for the fourth quarter of 2012, Rhode Island’s economy grew by just 0.3 percent, compared to a 1.9 percent expansion in Q3.  Despite this slow growth, the leading indicator, which projects the next quarter growth rate, estimates the state economy will increase at an annualized rate of 1.1 percent in the first quarter of 2013.  The full release is here and a copy of the full briefing is available here.