In Puerto Rico, the Consumer Price Index (CPI) stood at 124.581 in March 2022, an increase of 5.1% compared to March 2021. This is the largest year over year increase seen in the CPI since May 2008, when it increased by 4.8%. This is the 21st consecutive month with an increase relative to the previous...Read More
The US economy shrank at a 1.4% annual rate last quarter despite solid spending by consumers and businesses. This is the first contraction since the early days of the pandemic. This is also the first advance estimate so we will likely have a revised number in the following weeks. Source: BEA The expectation for...Read More
With the objective to contain inflation, the United States Federal Reserve raised interest rates by 0.5 points, leaving them between 0.75% and 1%. It is the second increase this year, they had already raised rates 25 basis points in March, and this is the largest increase in 22 years. The challenge for the Federal Reserve...Read More
Nothing has emphasized more the fragility of the global economy more than the pandemic. And while inflation has been the top subject in many of the reporting, we need to pay attention to the fact that the US relies heavily on the manufacturing in China for their goods in the US and many portions of...Read More
Puerto Rico’s General Fund net revenue was reported as a total of $906 million for the month of February 2022. Compared to February 2021, this was a $191 million increase, or 26.8%. Compared to the central government’s fiscal plan projections, this was 20% higher. Source: Puerto Rico Treasury DepartmentRead More
Cement production reached a total of 765 thousand 94lb sacks for the month of March 2022, while sales totaled 1,472 thousand 94lb sacks. Compared to the previous month of February, production increased by 144, or 23.2%. Compared to March 2021, production decreased by 0.7%.Read More
There were 883 total housing units sold in Puerto Rico during the month of February 2022. Compared to February 2021, sales were down by 263 units, or 22.9%. Compared to January 2022, sales decreased by 153 units, or 14.8%. Out of these sales, 73 were new housing units and the rest, 810, were used housing...Read More
Non-farm payroll in Puerto Rico for the month of March 2022 reached a total of 908,200 workers. Compared to the previous month of February, this total went up by 2,000, or 0.2%. Compared to March 2021, there was an increase of 47,200, or 5.5%. Compared to March 2020, before the initial COVID lockdown took place,...Read More
Según los últimos datos publicados por la Oficina de Estadísticas Laborales de Estados Unidos, la inflación en marzo alcanzó el 8.5%. Esto significa que, en promedio, los bienes y servicios eran un 8.5% más caros en marzo de 2022 que en marzo de 2021. Para decirlo claramente, $ 1 en dólares de marzo de 2022...Read More
According to the latest data released by the U.S. Bureau of Labor Statistics, inflation in March reached 8.5%. This means that on average goods and services were 8.5% more expensive on March 2022 than on March 2021. To put it plainly, $1 in March 2022 dollars will buy you the same amount of goods that...Read More
