Inflation is a measure of the reduction in purchasing power, the price changes measured in inflation not only affects consumers but also affects businesses investments. The inflation rate for the United States amounted to 5% in April 2023. This value for the inflation rate is a negligible 0.03 percentile point reduction from the previous month of March 2023, a deceleration to the reduction in the...Read More
Bankruptcy is a complex phenomenon that has both social and economic implications. In the case of Puerto Rico, it is important to examine the bankruptcy trends and understand their impact on various sectors of the economy. This article analyzes the data on total bankruptcies in Puerto Rico and highlights the significant contributions from industries such as restaurants, dairy farms, pharmacies, security companies, and real estate....Read More
According to the latest data released by the Department of Labor in Puerto Rico, the inflation rate in the country increased by 5.1% year-over-year in March 2023. All categories experienced some level of inflation during this period, with Food and Beverages experiencing the highest inflation rate of 10.1%. This increase was likely due to the rising cost of food commodities, such as meat and dairy...Read More
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 Department Stores, Electronic Articles Stores, and Hardware and Home Improvement. One factor that may have contributed to the increase in...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 showed an increase in employment with 35.4 thousand workers in March 2023, observing the construction industry solely also saw a...Read More
