In the month of January 2023, a total of 9,505 new car units were sold in Puerto Rico, an -8.7% decrease when compared to January 2022, according to data from the United Group of Automobile Importers (GUIA, for its Spanish acronym). Car sales have been down for three months and are the lowest for a month...Read More
The Economic Activity Index (EAI) registered a -0.6% decrease in October 2022, a -1.0% decrease in November 2022 and a 0.6% increase in December 2022 when com- pared to the same month in 2021. As for the sub-indexes: • Total non-farm payroll employment averaged 928,800 jobs in December; which represents an increase of 0.2% in a...Read More
The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.5 percent in January on a seasonally adjusted basis, after a 0.1 percent increase in December, according to the US Bureau of Labor Statistics. The all-items index increased by 6.4 percent over the past 12 months before seasonal adjustment. The rise in all items index...Read More
No es muy complicado entender y aplicar el concepto de planificación financiera en nuestro proceso de fortalecer nuestras finanzas personales y prepararnos para el retiro. Lamentablemente, el concepto parece intimidar a muchas personas y por ende una gran cantidad de ciudadanos no adoptan una planificación financiera, lo que tiene consecuencias económicas a largo plazo. Los expertos...Read More
In a supplemental survey of manufacturing establishments, the biggest challenges faced by companies during the past month were: in operations (shortage of raw material 20%, lead times 13%, costs 13%, supply chain logistics 13%, holiday disruptions 13%, maintenance and repair of machinery and equipment 7%), human resources (employment 40%, absenteeism 13%, Covid 13%) and utilities (energy...Read More
