Non-farm payroll in the United States totaled 146,821,000 for the month of July 2021. Compared with the previous month of June, 266,000 jobs were added, a growth rate of 0.6%. This is the highest employment level since March 2020. Job recovery has reportedly slowed down despite still being on the rise. Compared to July 2020, non-farm payroll increased by 7.26 million jobs or 5.20%. The...Read More
According to data from Southeast Aeroports Group (ASUR), in July, 1,118,931 passengers passed through the airport of San Juan. Passenger traffic is 91.2% higher in the first seven months of this year than in the same period last year, but 2.3% lower than in 2019. In July, traffic tripled compared to the previous year’s same month, representing a 15.6% increase over July 2019. This is...Read More
Retail sales for the month of March 2021 in Puerto Rico totaled $3.158 billion. Compared to the previous month of February, sales increased by $572 million, or 22.2%. When compared to March 2021, retail sales increased by $1.104 billion, or 53.8%. Our firm’s usual analysis methods rely on year over year comparisons as well as month over month comparisons to establish a reference point for...Read More
Gross domestic fixed investment for the fiscal year of 2020 decreased 20.97%, according to the most recent Economic Report to the Governor from the fiscal year of 2020. The data for the 2020 fiscal year includes four months of the COVID-19 pandemic when consumption was restricted. Due to the pandemic, consumption in general decreased, and many businesses, particularly in the retail sector, closed or operated...Read More
New car sales in the month of June 2021 in Puerto Rico totaled 11,636. Compared to the previous month of May, new car sales decreased by 8.3% but managed to remain above 10,000 for the 9th consecutive month. When compared to June 2020, there has been an increase of 9.3%. When compared with June 2019, there has been an increase of 14.5% Low-interest rates and...Read More
