The month of August saw an overall increase in both Cement Sales and Production with a total of 1,328.6 pounds sold and 789 pounds produced. These figures from Puerto Rico’s Economic Development Bank represent the highest of 2022, barring June of the same year. Compared to July 2022, Cement Sales saw a 19% increase (212.4 pounds); Production saw a 7% increase (50.2 pounds). When contrasting...Read More
In July 2022, Puerto Rico’s total energy consumption reached 1,514.5KWh. This shows a 1.68% increment when compared to July 2021’s total consumption. When compared to June 2022’s consumption, there is only a 1.28% increment in July 2022’s total consumption. Overall, Puerto Rico’s total energy consumption has seen significant changes. This despite its changes in prices, given that the continued growth in energy costs in the...Read More
Inflation for July 2022 increased by 7.15% when compared to prices in July 2021. The industries that mainly absorbed this year-over-year increase in their prices were Transportation (14.4%), Food and Beverages (9.1%), Other goods and services (4.5%), Housing (3.1%), Education and Communication (3.0%), Recreation (2.2%), Medical Care (1.6%), and Apparel (1.6%). As for comparison in behavior with June 2022’s prices (month-over-month change), the index...Read More
A pesar del dinamismo que aun exhibe la economía hasta julio, según las lecturas más recientes del Índice de Actividad Económica (IAE), el panorama para los próximos meses parece incierto. El IAE exhibe los niveles mas altos alcanzados de noviembre del 2016, y el empleo se encuentra a niveles históricamente altos, con 911,000 personas empleadas, y una tasa de desempleo de 5.9%. Sin embargo, eventos...Read More
Total employment for Puerto Rico in July 2022 reached 1,090,000,000. This in comparison to July 2021’s total employment, shows an increment of 36,000 or 3.42%. However, when compared to June 2022’s total employment, which was at 1,108,000, a decrease of 18,000 or 1.63%. The current participation rate is at 42.2%. This has been gradually decreasing in the past few months. However, positively speaking, the current...Read More
Export in Puerto Rico totaled $6billion for the month of June 2022, which implies an increase of $1.1billion or 23% when compared to exports reported for June 2021. Imports also show an increase when compared to figures reported on the previous year, totaling $4.6billion for June 2022. This shows a $230million or a 5% increase compared to June 2021. However, when considering changes in exports...Read More
The Economic Activity Index (EAI) for the month of June stood at 124.3 in June, a 2.3% increase compared to the same month last year, according to data from the Economic Development Bank (BDE, for its Spanish acronym). However, the Index level in June is the lowest in seven months.When compared to the month of May, the IAE fell 0.6%, the second month-over-month drop in...Read More
US Retail Sales for July totaled $682.82 billion, a 10.3% increase compared to July 2021, but remain flat (0%) compared to June 2022 which totaled $682.56 billion. Excluding autos and auto parts, retail sales rose 0.4% in July. Lower gas prices likely freed up money for people to spend elsewhere. Gasoline sales slid 1.8%, reflecting the drop in pump prices. Consumer spending accounts for nearly...Read More
El Índice de Actividad Económica (IAE) de Puerto Rico es un indicador que evalua la salud económica de la isla a través de cuatro componentes: empleos asalariados no agrícolas, consumo de energía eléctrica, ventas de cemento y el volumen de gasolina que paga arbitrios. Este índice no solo permite un análisis detallado de la economía de Puerto Rico mes a mes, sino que también ofrece...Read More
Durante la conferencia en Jackson Hole, celebrada el 23 de agosto de 2024, la Reserva Federal (FED) anunció que ha llegado el momento de reducir las tasas de interés. Este cambio en la política monetaria subraya la importancia de los próximos datos económicos, especialmente el Índice de Precios al Consumidor (IPC) y el reporte de desempleo.El IPC será crucial para la reunión del FOMC programada...Read More
El empleo es uno de los indicadores más importantes para ver la salud de la economía de cualquier país. En el caso de Puerto Rico, desde el 2021, el mercado laboral ha mostrado una tendencia al alza como resultado del dinamismo provisto por los fondos federales. El empleo total, se registró una disminución a 1,132,346 en julio de 2024 desde 1,133,434 en junio, lo que...Read More
El sector de ventas de autos nuevos en Puerto Rico parece estar un proceso de normalización. La disminución sostenida en las ventas durante los primeros meses de 2024, junto con factores económicos adversos como las altas tasas de interés, la inflación creciente y los elevados precios de seguros, sugiere que el mercado está experimentando un proceso de ajuste.El año 2023 cerró con un notable incremento...Read More
Cerrando abril 2024 las estadísticas de Aduanas presentan un año descomunal para las exportaciones Dominicanas, lideradas por el rubro estrella denominado “Perlas finas (naturales) o cultivadas, piedras preciosas o semipreciosas, metales preciosos, chapados de metal precioso (plaqué) y manufacturas de estas materias; bisutería; monedas”.Ascendiendo a un acumulado para el año de USD$644.39 millones representan por si solos un 16% o poco menos de un sexto...Read More
