The Purchasing Manager’s Index is a monthly indicator measuring the manufacturing industry, is the index is under the threshold of 50 indicates the industry is contracting and is the index is above the threshold of 50 indicates the industry is expanding. For the month of December, the index fell to 47.6, the first reading under 50 in the past 12 months. For the month of...Read More
The economic activity index reached a total of 122.5 for the month of December. Compared to the previous month, the index grew by 0.2%, while compared to December 2020, the index grew by 3.8%. As there is a high correlation between this index and the island’s GDP, it is one of the main indicators used to measure the health of Puerto Rico’s economy. It is...Read More
The economic activity index reached a total of 122.5 for the month of December. Compared to the previous month, the index grew by 0.2%, while compared to December 2020, the index grew by 3.8%. As there is a high correlation between this index and the island’s GDP, it is one of the main indicators used to measure the health of Puerto Rico’s economy. It is...Read More
The United States’ GDP release for the last quarter of 2021 came in higher than expected. Even with the spread of the Omicron variant of COVID, real GDP increased by 1.7% compared to the previous quarter and is 5.5% higher than in the last quarter of 2020. With the Federal Reserve currently implementing the first of what are planned to be 4 interest rate hikes...Read More
The United States’ GDP release for the last quarter of 2021 came in higher than expected. Even with the spread of the Omicron variant of COVID, real GDP increased by 1.7% compared to the previous quarter and is 5.5% higher than in the last quarter of 2020. With year over year inflation currently at 7.2%, the rest of this analysis will use inflation adjusted totals...Read More
