New car unit sales for March 2023 totaled 10,732 units, this is a drop of 454 units or -4.1% compared to a year- over-year basis of March 2022. It is an increase of 1,423 or 15.3% compared on a month-to-month basis of February 2023. This is the fifth consecutive month of decreases in sales. Still, new...Read More
The Purchasing Managers Index (PMI) for the month of February 2023 was 61.1, 21% higher than the previous month of January 2023 PMI of 50.5 and compared to February 2022 with a PMI of 57.9 is 5.5% higher. For context the PMI is a measure of the economic course the manufacturing sector experiences where a value...Read More
The Purchasing Managers Index (PMI) for the month of February 2023 was 61.1, 21% higher than the previous month of January 2023 PMI of 50.5 and compared to February 2022 with a PMI of 57.9 is 5.5% higher. For context the PMI is a measure of the economic course the manufacturing sector experiences where a value...Read More
En tiempos de crisis, la historia siempre es una buena herramienta para entender el presente, y poder proyectarnos hacia al futuro. Desde el siglo 19 al presente, la economía de Puerto Rico ha pasado por diversos ciclos o transformaciones. Siempre, los puertorriqueños se las han arreglado para superar los desafíos económicos y salir airosos. Cuando miramos hacia...Read More
The Economic Development Bank Economic Activity Index (EDB-EAI) for Puerto Rico saw a decline of 0.8% during the fiscal year 2021, which runs from July to June. However, the index rebounded in fiscal year 2022, growing by 4.9%. Similarly, the calendar year 2021 closed with an increase of 4.9%, while a preliminary estimate for calendar year...Read More
