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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Dentro del rubro de exportaciones brutas, uno de los ingredientes principales del PIB, evidenciamos una caída de años recientes quien se contabiliza principalmente en el sector más grande de los exportadores dominicanos: la minería el cual registra una caída del 15.9%. Las exportaciones mineras presentan un poco común caso de excepción en el reciente desempeño económico de la República Dominicana.Las exportaciones de oro, el mayor...
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El ingreso neto industrial es una métrica crucial que refleja la rentabilidad del sector industrial después de deducir todos los costos y gastos. En Puerto Rico, la industria manufacturera, que incluye sectores como la farmacéutica, biotecnología, y productos electrónicos, es un pilar fundamental de la economía.Impacto Económico en Puerto RicoGeneración de EmpleoEl crecimiento del ingreso interno neto se traduce en mayores oportunidades de empleo en...
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In the last six months, the CPI in Puerto Rico has experienced a steady increase, indicating an inflationary trend. This increase is due to several factors, including fluctuations in oil prices, the post-pandemic economic recovery, and implemented fiscal policies.General CPI Trend:Continuous Increase: The CPI has shown a sustained increase, reflecting inflationary pressure in various sectors of the economy. This trend is concerning, as persistent inflation...
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Con el fin de comprender mejor la evolución y las implicaciones de la confianza del consumidor en el mercado, este ensayo analizará el reporte de datos de confianza del consumidor, examinando tanto las tendencias actuales y comparaciones de datos de abril de 2023 y 2024. Hay dos aspectos que se estarán evaluando: ¿cómo se siente el consumidor en tiempo presente? y como se siente el consumidor en el...
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En el mes de abril de 2024, Puerto Rico registró un total de 959,700 empleos en el sector NO AGRICOLA, sin ajuste estacional. Este aumento de 19,800 empleos (2%) en comparación con abril de 2023 indica una mejora en el mercado laboral. Durante ese período, varias industrias experimentaron crecimiento en el empleo. Por ejemplo, el sector de Recreación y Alojamiento añadió 6,400 empleos, lo que...
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