The inflation rate for the United States amounted to 6% in February 2023. This value for the inflation rate is a 0.3 percentile point reduction from the previous month of January 2023 and the fifth consecutive month experiencing a reduction in inflation rate, suggesting the inflation rate is slowly returning to its desired state of 2%. By the major components of the CPI, in February...Read More
The inflation rate in Puerto Rico amounted to 5.8% on January 2023, this value represents a 0.2 percentile point reduction from the inflation experienced in the previous month of December 2022 and the third consecutive month with a reduction in interest rates. This ongoing reduction in inflation indicates the possibility for inflation rates to stabilize in the future. This higher than standardly acceptable inflation rate...Read More
The Purchasing Managers Index (PMI) for the month of January 2023 was 50.5, 10.3% lower than the previous month of December 2022 PMI of 56.3 and compared to January 2022 with a PMI of 56 is 9.8% lower. 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
The Purchasing Managers Index (PMI) for the month of January 2023 was 50.5, 10.3% lower than the previous month of December 2022 PMI of 56.3 and compared to January 2022 with a PMI of 56 is 9.8% lower. 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
On February 2023 auto sales amounted to 9,309 auto units sold, compared to January 2023 value of 9,505 in auto sales was a reduction on auto sales by 2.1% and presents a reduction of 16.3% compared to the February 2022 auto sales of 11,117 units. While the fluctuating behavior of auto sales and its dependence on other factors, such as interest rates for example, makes...Read More
