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Blog 2 Columns With Frame

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smoke, chimney, pollution-258786.jpg
April 5, 2022

Purchasing Manager’s Index Down 7.8% in February

The PMI for February came in at 57.9. Compared to the previous month of January, this is an increase of 1.9, or 3.4%. Compared to February 2021, this is a decrease of 4.9, or 7.8%. The Omicron outbreak in December caused a large decrease in the index. As such, this is the second consecutive month...
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courthouse, building, black-293963.jpg
March 30, 2022

General Fund Net Revenue Up 18.6% in January

General Fund net revenue for the month of January 2022 reached a total of $999 million. Compared to January 2021, this is an increase of $157 million, or 18.6%. Total revenue for the fiscal year to date (starting in July 2021) is at $6.26 billion. Compared to the 2021 fiscal year, revenue is up by...
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office, startup, business-594132.jpg
March 28, 2022

Puerto Rico Employment in February up 5.5% compared to 2021

Non-farm payroll in Puerto Rico reached a total of 902.3 thousand for the month of February 2022. This statistic is the main measurement of employment both on the island and in the US. Rather than being derived from survey data, this is derived directly from payroll data. Compared to the previous month of January, non-farm...
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america, the dollar, president-3125467.jpg
March 28, 2022

Puerto Rico Retail Sales Up 4% in January

Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion. Compared to January 2021, sales increased by $103 million, or 4%. Compared to January 2020, sales increased by $200 million, or 8%. The categories with the largest year over year percentage increases were special food stores (53.9%), fuel...
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March 28, 2022

Inflation in Puerto Rico at 4.7% in February

The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021,...
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receptionists, phone call, hotel-5975962.jpg
March 28, 2022

Hotel Registrations Yet to Recover in January

The Puerto Rico Tourism Company’s monthly report showed a total of 147,763 hotel registrations for the month of January 2022. Compared to January 20021, this was an increase of 34,500 registrations (30.5%). However, compared to January 2020, there were 27,326 fewer registrations, a decrease of 15.6%. After seeing a high number of registrations during the...
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