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
El reciente incidente con el desvío del Rio Dajabón resultó en un cierre temporal de la frontera hasta tanto no se dilucidará el caso con la asistencia de organismos internacionales. Esto resultó en pérdidas para los exportadores dominicanos. Según datos recopilados por la DGA se observa que las exportaciones de zonas francas dominicanas a Haití...Read More
Como indica el gráfico abajo, el gasto público en un año electoral suele aumentar en términos reales con relación al gasto promedio de los tres años anteriores (pre-electorales). Este efecto fue particularmente pronunciado en los años 2008 (el gasto fue 33.7% mayor que el promedio de los tres años pre-electorales), 2012 (29.5% mayor) y 2020 (34%...Read More
En el mes de octubre de 2023, se vendieron un total de 10,896 unidades de automóviles nuevos en Puerto Rico, mostrando una ligera disminución de aproximadamente el 2.49% en comparación con los 11,174 vehículos vendidos en octubre de 2022 según datos del Grupo Unido de Importadores de Automóviles (GUIA, por sus siglas en español). Al comparar...Read More
In the month of October 2023, a total of 10,896 new car units were sold in Puerto Rico, showing a slight decrease of about 2.49% from the 11,174 vehicles sold in October 2022 according to data from the United Group of Automobile Importers (GUIA, for its Spanish acronym). When comparing the YTD of 2022 and 2023,...Read More
Inflation in Puerto Rico increased to 3.3% in September, according to data from the Department of Labor. This is the highest inflation rate in the last four months. Food and Beverages continues to average above at 5.6%. Cereals and its products were the driver in the increase at 11.2%. Other Goods and Services at 6.1%. Personal care products increased 6.3% and...Read More
