The month of August saw an overall increase in both Cement Sales and Production with a total of 1,328.6 pounds sold and 789 pounds produced. These figures from Puerto Rico’s Economic Development Bank represent the highest of 2022, barring June of the same year. Compared to July 2022, Cement Sales saw a 19% increase (212.4 pounds);...Read More
In July 2022, Puerto Rico’s total energy consumption reached 1,514.5KWh. This shows a 1.68% increment when compared to July 2021’s total consumption. When compared to June 2022’s consumption, there is only a 1.28% increment in July 2022’s total consumption. Overall, Puerto Rico’s total energy consumption has seen significant changes. This despite its changes in prices, given...Read More
Inflation for July 2022 increased by 7.15% when compared to prices in July 2021. The industries that mainly absorbed this year-over-year increase in their prices were Transportation (14.4%), Food and Beverages (9.1%), Other goods and services (4.5%), Housing (3.1%), Education and Communication (3.0%), Recreation (2.2%), Medical Care (1.6%), and Apparel (1.6%). As for comparison in...Read More
A pesar del dinamismo que aun exhibe la economía hasta julio, según las lecturas más recientes del Índice de Actividad Económica (IAE), el panorama para los próximos meses parece incierto. El IAE exhibe los niveles mas altos alcanzados de noviembre del 2016, y el empleo se encuentra a niveles históricamente altos, con 911,000 personas empleadas, y...Read More
Total employment for Puerto Rico in July 2022 reached 1,090,000,000. This in comparison to July 2021’s total employment, shows an increment of 36,000 or 3.42%. However, when compared to June 2022’s total employment, which was at 1,108,000, a decrease of 18,000 or 1.63%. The current participation rate is at 42.2%. This has been gradually decreasing in...Read More
Export in Puerto Rico totaled $6billion for the month of June 2022, which implies an increase of $1.1billion or 23% when compared to exports reported for June 2021. Imports also show an increase when compared to figures reported on the previous year, totaling $4.6billion for June 2022. This shows a $230million or a 5% increase compared...Read More
The Economic Activity Index (EAI) for the month of June stood at 124.3 in June, a 2.3% increase compared to the same month last year, according to data from the Economic Development Bank (BDE, for its Spanish acronym). However, the Index level in June is the lowest in seven months.When compared to the month of May,...Read More
US Retail Sales for July totaled $682.82 billion, a 10.3% increase compared to July 2021, but remain flat (0%) compared to June 2022 which totaled $682.56 billion. Excluding autos and auto parts, retail sales rose 0.4% in July. Lower gas prices likely freed up money for people to spend elsewhere. Gasoline sales slid 1.8%, reflecting the...Read More
The retail sector is a crucial component of any economy, providing insights into consumer spending patterns and overall economic health. In this economic report, we analyze the performance of various retail categories in March 2023 compared to the same period last year. The data presented offers valuable information on the growth or decline of specific sectors...Read More
This April 2023 there was a total of 831 units sold for all categories, representing a 4.3% decrease from April 2022 and an even greater decrease of 19.2% when compared to the previous month of March 2023. The price per housing unit on the other hand has maintained itself rather consistent for the most recent months,...Read More
This April 2023 there was a total of 831 units sold for all categories, representing a 4.3% decrease from April 2022 and an even greater decrease of 19.2% when compared to the previous month of March 2023. The price per housing unit on the other hand has maintained itself rather consistent for the most recent months,...Read More
New car unit sales for April 2023 amounted to 10,870 units sold, this being an increase of 37 units sold (0.3%) compared on a year-over-year basis with April 2022. April 2023 new car unit sales are also an increase of 138 units sold (1.3%) in a month-to-month basis with March 2023, the first increase in units...Read More
New car unit sales for April 2023 amounted to 10,870 units sold, this being an increase of 37 units sold (0.3%) compared on a year-over-year basis with April 2022. April 2023 new car unit sales are also an increase of 138 units sold (1.3%) in a month-to-month basis with March 2023, the first increase in units...Read More
