General fund revenue in Puerto Rico reached a total of $758 million for the month of November 2021. Compared to November 2020, revenue increased by $102 million, or 15.6%. Compared to the previous month, revenue was down $128 million (14.5%). Government revenue is currently on pace to surpass both the 2020 calendar year and the...Read More
Retail sales in October 2021 in Puerto Rico reached a total of $3.05 billion. Compared to October 2020, sales increased by $388 million (14.6%), while compared to 2019, total retail sales increased by 18.9%. Retail sales have been higher than in 2020 for all months so far, and higher than in 2019 for all months...Read More
Cement production in December was 634 thousand 94-lb bags. Production in December was 25% greater than in November, while when compared to December 2020, production went down by 35%. Total production in 2021 was 7,435 thousand bags. Compared to 2020 there was a 29% decrease. When compared to the cumulative production in 2019 before the...Read More
A total of 12,202 housing units were sold in the period between January and November of 2021 a double-digit increase compared to previous years. Total cumulative sales for new and existing housing units in 2021 were 36% greater than in 2020. The average unit sold for $180,770 in the period from January to November of...Read More
The economic Activity Index increased to 122.2 points in November the Puerto Rico Planning Board reported on Tuesday. In November, the index increased by 3.5% annually while on a month over month analysis the index increased by 0.65%. On an annual comparison this is the ninth increase after a year of decreases due to the...Read More
The total nonfarm payroll employment rose by 199,000 in December as the unemployment rate decreased to 3.9%, the US Bureau of Labor Statistics reported. Employment in leisure and hospitality continued to trend upward as well as professional and business services, manufacturing, construction and in transportation and warehousing. In February 2020 there were 152.5 million jobs,...Read More
From January to November 2021 there have been 2.1 million arrivals (persons) in Lodgings endorsed by the Puerto Rico Tourism Company, double than the accumulated for the same period in 2020 (1 million). The local market has been 28.5% in 2021 while in 2020 for the same period it was 29.5%. In November the shift...Read More
Durante diciembre de 2021 se presentaron un total de 296quiebras, 157 o un 34.7% menos que en diciembre del año anterior. En comparación con noviembre de 2021, las presentaciones disminuyeron en un 20 o 7.2%. En 2021 se declararon un total de 3.863 quiebras, 1.255 o un 24,5% menos que en 2020. En comparación con...Read More
The Secretary of the Department of Economic Development and Commerce (DDEC), Manuel Cidre Miranda, announced that the manufacturing sector reflected its eighteenth consecutive month of increase at a monthly rate in October. According to the of Coincident Index Indicators in Manufacturing (IICM), the month of October 2021 registered a preliminary value of 107.0 points (2016=100),...Read More
The Bureau of Economic Analysis (BEA) released growth rate figures for Real Gross Domestic Product (GDP) for the third quarter of 2021. Real GDP increased by 2.3% in the third quarter and 6.7% in the second These are the third estimates the BEA releases for the third quarter of 2021, the latest estimates take into...Read More
