In the dynamic world of retail sales, understanding market trends and identifying growth opportunities is essential for businesses to thrive. Puerto Rico, a vibrant island with a resilient retail sector, offers a promising landscape for entrepreneurs and investors. There are many sectors in the retail industry that one should look at when entering this type...Read More
Bankruptcies in March 2023 totaled 389 filings, a decrease of -6.04% compared to March 2022. Chapter 7 filings totaled 125, a decrease of -64.9%; Chapter 13 filings totaled 261, a decrease of -56.3%; Chapter 11 filings totaled 3, a decrease of -57.1%; and a total of 0 filings of Chapter 12. Year-to-Date, January to February...Read More
According to the Bureau of Labor Statistics, the CPI, which measures the price of a basket of goods and services, in the US for March 2023 reduced to 5%, the slowest pace for price increases since April 2021, when they first began to climb. This is two years of continued price increases above the average...Read More
New car unit sales for March 2023 totaled 10,732 units, this is a drop of 454 units or -4.1% compared to a year- over-year basis of March 2022. It is an increase of 1,423 or 15.3% compared on a month-to-month basis of February 2023. This is the fifth consecutive month of decreases in sales. Still,...Read More
El total de quiebras radicadas para el mes de marzo 2023 fueron 389 radicaciones, una disminución de -6.04% comparado a marzo 2022. Radicaciones bajo Capítulo 13 disminuyeron un -56.3%, Capítulo 7 disminuyó -64.9%. En lo que va del año se han radicado unas 990 solicitudes, un aumento de 2.8% comparado al mismo periodo (enero a...Read More
New car unit sales for March 2023 totaled 10,732 units, this is a drop of 454 units or -4.1% compared to a year- over-year basis of March 2022. It is an increase of 1,423 or 15.3% compared on a month-to-month basis of February 2023. This is the fifth consecutive month of decreases in sales. Still,...Read More
In the month of January 2023, a total of 9,505 new car units were sold in Puerto Rico, an -8.7% decrease when compared to January 2022, according to data from the United Group of Automobile Importers (GUIA, for its Spanish acronym). Car sales have been down for three months and are the lowest for a...Read More
The Economic Activity Index (EAI) registered a -0.6% decrease in October 2022, a -1.0% decrease in November 2022 and a 0.6% increase in December 2022 when com- pared to the same month in 2021. As for the sub-indexes: • Total non-farm payroll employment averaged 928,800 jobs in December; which represents an increase of 0.2% in...Read More
In a supplemental survey of manufacturing establishments, the biggest challenges faced by companies during the past month were: in operations (shortage of raw material 20%, lead times 13%, costs 13%, supply chain logistics 13%, holiday disruptions 13%, maintenance and repair of machinery and equipment 7%), human resources (employment 40%, absenteeism 13%, Covid 13%) and utilities...Read More
The inflation rate for December 2022 showed a significant increase of 6.0% compared to the same period in the previous year. When looking over time, The inflation rate on the Island seems to be slowing down, which may suggest that it will return to normal levels in the coming future.Read More
