The Purchasing Managers Index (PMI) for the month of February 2023 was 61.1, 21% higher than the previous month of January 2023 PMI of 50.5 and compared to February 2022 with a PMI of 57.9 is 5.5% higher. For context the PMI is a measure of the economic course the manufacturing sector experiences where a value of 50 on the PMI indicates no change, a...Read More
En tiempos de crisis, la historia siempre es una buena herramienta para entender el presente, y poder proyectarnos hacia al futuro. Desde el siglo 19 al presente, la economía de Puerto Rico ha pasado por diversos ciclos o transformaciones. Siempre, los puertorriqueños se las han arreglado para superar los desafíos económicos y salir airosos. Cuando miramos hacia el pasado, si algo ha sido constante en el...Read More
The Economic Development Bank Economic Activity Index (EDB-EAI) for Puerto Rico saw a decline of 0.8% during the fiscal year 2021, which runs from July to June. However, the index rebounded in fiscal year 2022, growing by 4.9%. Similarly, the calendar year 2021 closed with an increase of 4.9%, while a preliminary estimate for calendar year 2022 showed a 1.9% increase. Unfortunately, the index saw...Read More
Retail Sales in January 2023 totaled $2,841.52 million dollars, compared to the same month in the previous year these sales marked a 3.8% increase year over year. This figure also increases the current accumulated value in the seven months for the current fiscal year (July-January) to $22,335.87 million dollars, 3.4% higher than the accumulated value for same time frame in the previous year that totaled...Read More
Retail Sales in January 2023 totaled $2,841.52 million dollars, compared to the same month in the previous year these sales marked a 3.8% increase year over year. This figure also increases the current accumulated value in the seven months for the current fiscal year (July-January) to $22,335.87 million dollars, 3.4% higher than the accumulated value for same time frame in the previous year that totaled...Read More
