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 to July 2022, Cement Sales saw a 19% increase (212.4 pounds); Production saw a 7% increase (50.2 pounds). When contrasting...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 has seen significant changes. This despite its changes in prices, given that the continued growth in energy costs in the...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%), Medical Care (1.6%), and Apparel (1.6%). As for comparison in behavior with June 2022’s prices (month-over-month change), the index...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 se encuentra a niveles históricamente altos, con 911,000 personas empleadas, y una tasa de desempleo de 5.9%. Sin embargo, eventos...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 participation rate is at 42.2%. This has been gradually decreasing in the past few months. However, positively speaking, 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 June 2022. This shows a $230million or a 5% increase compared to June 2021. However, when considering changes in exports...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 the lowest in seven months.When compared to the month of May, the IAE fell 0.6%, the second month-over-month drop in...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 for people to spend elsewhere. Gasoline sales slid 1.8%, reflecting the drop in pump prices. Consumer spending accounts for nearly...Read More
Se reducen las ventas de autos en 2024 pero aún continúan en niveles elevadosEl mercado automovilístico en Puerto Rico ha experimentado fluctuaciones significativas en los últimos años, influenciadas por factores económicos como los efectos de la pandemia de COVID-19 y la posterior recuperación.En agosto de 2024, las ventas de autos alcanzaron 9,926 unidades, lo que representó un leve aumento de 1.22% con respecto a las...Read More
El Índice de Actividad Económica (IAE) de Puerto Rico, un barómetro esencial para evaluar la salud económica de la isla, se fundamenta en cuatro pilares: empleo asalariado no agrícola, consumo de energía eléctrica, ventas de cemento y el volumen de gasolina gravada con arbitrios. Este índice ofrece un análisis mensual detallado y permite realizar comparaciones interanuales, convirtiéndose en una herramienta crítica para monitorear el desempeño...Read More
El Índice de Confianza de los Consumidores en Puerto Rico revela que el 70% de la población tiene expectativas positivas a corto plazo sobre la economía. Sin embargo, desde enero de 2024, cuando se registraba un nivel de confianza del 75.4%, se ha observado una disminución constante. Esta caída puede estar vinculada con la inflación persistente y la percepción de que los aumentos salariales no...Read More
En la noche del 13 de Junio 2024 se publicó el Decreto Presidencial 324-24 estableciendo sobre las bases del Nearshoring, la legislación Estadounidense del Chips and SCIENCE Act y la general reconfiguración de las cadenas de valor una priorización a nivel de política nacional el fomento a la industria de semiconductores en República Dominicana. Dirigido al Ministerio de Industria, Comercio y MiPyMEs (MICM) – quienes...Read More
El informe de empleo de agosto resalta un debilitamiento claro en el mercado laboral de Estados Unidos. La creación de empleo ha estado consistentemente por debajo de las expectativas en los últimos meses, acompañada por sucesivas revisiones a la baja. Este panorama podría llevar a la Reserva Federal (FED) a adoptar una política monetaria más agresiva en los próximos meses.El informe publicado el 6 de...Read More
