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...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...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%),...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...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...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...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...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...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%),...Read More
La tasa de inflación de diciembre de 2022 mostró un aumento significativo de 6.0% en comparación con el mismo período del año anterior. Al mirar a lo largo del tiempo, la tasa de inflación en la Isla parece estar desacelerándose, lo que puede sugerir que...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...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...Read More
Retail Sales during November 2022 have once again shown growth in their annual growth rate after the setback that occurred in September of this year due to Fiona’s passage, marking the second month in a row that sales have increased. However, the growth rate of...Read More
