According to recent data on retail sales in Puerto Rico, the island’s economy is showing signs of recovery as sales have increased by 4.8% from February 2022 to February 2023. This positive trend is a result of increased consumer spending, particularly in the categories of...Read More
According to recent data, Puerto Rico saw a slight increase in employment rates across various industries in March 2023. The total employment rate reached 943.7 thousand, which is a slight increase from the previous month’s rate of 942.6 thousand. The mining, logging, and construction industry...Read More
Bankruptcies in March 2023 totaled 389 filings, a decrease of -6.04% compared to March 2022. Chapter 7 filings totaled 125, a decrease of -64.9%; Chapter 13 filings totaled 261, a decrease of -56.3%; Chapter 11 filings totaled 3, a decrease of -57.1%; and a total...Read More
According to the Bureau of Labor Statistics, the CPI, which measures the price of a basket of goods and services, in the US for March 2023 reduced to 5%, the slowest pace for price increases since April 2021, when they first began to climb. This...Read More
New car unit sales for March 2023 totaled 10,732 units, this is a drop of 454 units or -4.1% compared to a year- over-year basis of March 2022. It is an increase of 1,423 or 15.3% compared on a month-to-month basis of February 2023. This...Read More
