In June 2021, the Consumer Price Index stood at 270.98. When compared to May 2021, the index grew by 0.9%. It has been the most significant month-to-month increase since 2008. When compared to June 2020, the index reflects inflation of 5.1%, which is the largest increase year to year since 2008. An increase of the...Read More
The seasonally adjusted house price index (HPI-SA) for Puerto Rico reached a score of 188.3 in the second quarter of 2021. This means that house prices are 88.3% higher in the island when compared to 1995, the base year of the index. When compared to the second quarter of 2020, the HPI-SA increased by 25.2...Read More
The consumer price index for June 2021 in Puerto Rico stood at 121.38. Compared to June 2020, the consumer price index rose by 2.7%. This large year over year increase is mostly due to deflation seen in 2020 due to the COVID-19 pandemic. Decreases in demand for many goods and services during the pandemic led...Read More
In July 2021 in Puerto Rico, there were 244 total bankruptcy filings. Of these fillings, 99 were chapter 7, 140 were chapter 13, and 5 were chapter 11. Compared with June, there were 84 fewer filings or a decrease of 25.6%. Compared with May 2020, there were 31 more periodic filings or a reduction of...Read More
The Treasury Department collected $1,414.6 million in May, the most significant amount since April 2019. The collections, which are not comparable to the $516.0 million collected in May of last year, are $42.9 million higher than the government’s forecasts.Individual contributions reached $369.2 million, the largest amount in 25 months. Corporations paid $359.8 million, up threefold...Read More
Out of the 798,840 non-resident visitors to Puerto Rico in the year 2020, 742,739, or 93%, came from the United States, 14,927, or 1.8%, came from Europe, 10,765, or 1.3%, came from Canada, and the rest came from Asia, Latin America, Africa, and Oceania. Within the United States, which is the most popular place of...Read More
Non-farm payroll in the United States totaled 146,821,000 for the month of July 2021. Compared with the previous month of June, 266,000 jobs were added, a growth rate of 0.6%. This is the highest employment level since March 2020. Job recovery has reportedly slowed down despite still being on the rise. Compared to July 2020,...Read More
According to data from Southeast Aeroports Group (ASUR), in July, 1,118,931 passengers passed through the airport of San Juan. Passenger traffic is 91.2% higher in the first seven months of this year than in the same period last year, but 2.3% lower than in 2019. In July, traffic tripled compared to the previous year’s same...Read More
Retail sales for the month of March 2021 in Puerto Rico totaled $3.158 billion. Compared to the previous month of February, sales increased by $572 million, or 22.2%. When compared to March 2021, retail sales increased by $1.104 billion, or 53.8%. Our firm’s usual analysis methods rely on year over year comparisons as well as...Read More
Gross domestic fixed investment for the fiscal year of 2020 decreased 20.97%, according to the most recent Economic Report to the Governor from the fiscal year of 2020. The data for the 2020 fiscal year includes four months of the COVID-19 pandemic when consumption was restricted. Due to the pandemic, consumption in general decreased, and...Read More
