Inflation is a critical economic indicator that measures the rate at which prices for goods and services rise over time. Understanding the inflation rate is essential for policymakers, investors, and individuals alike, as it directly affects purchasing power and the overall health of an economy. In this article, we will delve into the inflation rate in Puerto Rico, focusing on the data from May 2023....Read More
The automotive industry in Puerto Rico serves as a vital economic indicator, reflecting consumer sentiment and overall economic health. In this article, we will analyze the month-over-month and year-over-year changes in new car sales, focusing on the most recent data available up until June 2023. Additionally, we will discuss the signs of a cooling trend in the auto industry and highlight how sales levels continue...Read More
The latest report on the Coincident Indicators Index in Manufacturing (CIIM) sheds light on the current state of the manufacturing sector in Puerto Rico. Prepared by the Office of Strategy and Business Intelligence, the report covers May 2023 and reveals notable shifts in industrial activity specific to the island. This article will delve into the key findings and implications outlined in the report, providing insights...Read More
Puerto Rico’s economy is displaying promising signs of growth. When examining the figures for total employment in 2021 and 2022, it shows that these numbers are on the rise. In Puerto Rico, there is a notable 6.7% increase in employment, from 843,810 employees to 900,650. Similarly, the average hourly salary experienced a 6.1% increase, going from $14.65 to $15.54 between 2021 and 2022. With the...Read More
Puerto Rico’s economy is displaying promising signs of growth. When examining the figures for total employment in 2021 and 2022, it shows that these numbers are on the rise. In Puerto Rico, there is a notable 6.7% increase in employment, from 843,810 employees to 900,650. Similarly, the average hourly salary experienced a 6.1% increase, going from $14.65 to $15.54 between 2021 and 2022. With the...Read More
