The latest report released by The U.S. Bureau of Labor Statistics states that inflation in the month of April 2022 is up to 8.3%. Meaning that goods and services were...
Cement sales reached 1,297.4 thousand 94-pound sacks in April 2022, while production reached 705.5 94-pound sacks. When compared to March 2022 sales decreased by 59.2 thousand units or 7.7%. When...
The Economic Activity Index (EAI) is a measure of the island economic activity calculated by the Economic Development Bank of Puerto Rico. It is based of four macroeconomic indicators, Total...
New car unit sales for the month of April 2022 totaled 10,833, only 19 units more (0.2%) compared to April 2021. This slight increase comes after falling 4.4% in March...
Inflation in the United States exceeds expectations and increases the pressure on the Fed for new increases in the interest rate. Consumer prices rose 0.3% in April compared to March...
The Bureau of Labor Statistics published last week new reports for wages nationwide and in Puerto Rico. Average hourly wages for 2021 were $10.93hr, an increase of 2.9% compared to...
In Puerto Rico, the Consumer Price Index (CPI) stood at 124.581 in March 2022, an increase of 5.1% compared to March 2021. This is the largest year over year increase...
The US economy shrank at a 1.4% annual rate last quarter despite solid spending by consumers and businesses. This is the first contraction since the early days of the pandemic....
With the objective to contain inflation, the United States Federal Reserve raised interest rates by 0.5 points, leaving them between 0.75% and 1%. It is the second increase this year,...
Nothing has emphasized more the fragility of the global economy more than the pandemic. And while inflation has been the top subject in many of the reporting, we need to...
Puerto Rico’s General Fund net revenue was reported as a total of $906 million for the month of February 2022. Compared to February 2021, this was a $191 million increase,...
