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April 18, 2022

Employment in Puerto Rico Up 5.5% in March

Non-farm payroll in Puerto Rico for the month of March 2022 reached a total of 908,200 workers. Compared to the previous month of February, this total went up by 2,000, or 0.2%. Compared to March 2021, there was an increase of 47,200, or 5.5%. Compared to March 2020, before the initial COVID lockdown took place,...
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April 12, 2022

Inflación en los Estados Unidos alcanza pico de 40 años

Según los últimos datos publicados por la Oficina de Estadísticas Laborales de Estados Unidos, la inflación en marzo alcanzó el 8.5%. Esto significa que, en promedio, los bienes y servicios eran un 8.5% más caros en marzo de 2022 que en marzo de 2021. Para decirlo claramente, $ 1 en dólares de marzo de 2022...
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April 12, 2022

U.S. Inflation reaches highest point in over 40 years

According to the latest data released by the U.S. Bureau of Labor Statistics, inflation in March reached 8.5%.  This means that on average goods and services were 8.5% more expensive on March 2022 than on March 2021.  To put it plainly, $1 in March 2022 dollars will buy you the same amount of goods that...
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April 6, 2022

Economic Activity Index Down Slightly in February

The economic activity index is an economic model calculated monthly by the Economic Development Bank of Puerto Rico. It uses four important macroeconomic indicators to create a model that closely estimates the island’s GDP. Change in this index is highly indicative of a change in the island’s economic output. The index reached 124.6 for the...
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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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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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