The Economic Activity Index (EAI) is a measure of the island economic activity calculated by the Economic Development Bank of Puerto Rico. It is based of four macroeconomic indicators, Total Non-Farm Payroll, Electric Power Generation, Gas Consumption and Cement Sales. Altogether these indicators closely model trends in the islands production, because of this, changes in this index are indicative of changes in the output of...Read More
New car unit sales for the month of April 2022 totaled 10,833, only 19 units more (0.2%) compared to April 2021. This slight increase comes after falling 4.4% in the March due to inventory challenges. Compared to April 2019, sales are up 47.4%. In the first four months of the year, sales are 0.9% above the same period last year, and up 33.8% compared to...Read More
New car unit sales for the month of April 2022 totaled 10,833, only 19 units more (0.2%) compared to April 2021. This slight increase comes after falling 4.4% in March due to inventory challenges. Compared to April 2019, sales are up 47.4%. In the first four months of the year, sales are 0.9% above the same period last year, and up 33.8% compared to 2019,...Read More
Inflation in the United States exceeds expectations and increases the pressure on the Fed for new increases in the interest rate. Consumer prices rose 0.3% in April compared to March and an accumulating rise of 8.3% compared to April 2021. However, the data for April was above the 0.2% expected by the market for the month and the 8.1% forecast for the twelve months, according...Read More
The Bureau of Labor Statistics published last week new reports for wages nationwide and in Puerto Rico. Average hourly wages for 2021 were $10.93hr, an increase of 2.9% compared to the previous year. Total Nonfarm Payroll also increased to 843,810 wage workers according to the BLS. When analyzed by occupation, those in Life, Physical, and Social Science Occupations had the largest increase in y-o-y increase...Read More
