The Index of Coincident Indicators in Manufacturing (IICM) rose to 115.9 in October, according to data from the Office of Business Strategy and Intelligence of the Department of Economic Development and Commerce (DDEC). It is the highest level since March 2009. When comparing the month...Read More
During the calendar years 2021 and 2022, data from the Community Survey indicate that the net migration balance between Puerto Rico and the United States decreased from 27,000 to 16,000 people emigrating or by 41%, revealed the Migrant Profile 2021-2022, as published by the Puerto...Read More
Retail sales during October 2023, at an annual rate, reported a reduction when compared to the same month of the previous year. We understand that three (3) effects have influenced this result and the consumption pattern. First of all, we understand that the negative effects...Read More
The Economic Activity Index (IAE) stood at 129.7 in October, the highest reading since 2014, according to data from the Economic Development Bank (BDE). The index is 6.0% above where it was in the same month last year and represents an increase of 0.2% when...Read More
On Wall Street, interest rate cuts have recently become less a question of if, but rather, when. Two of 19 Federal Reserve officials predicted the central bank would cut interest rates at least once in the coming year, according to the Fed’s latest Summary of Economic Projections....Read More
