The economic activity index reached a total of 122.5 for the month of December. Compared to the previous month, the index grew by 0.2%, while compared to December 2020, the index grew by 3.8%. As there is a high correlation between this index and the island’s GDP, it is one of the main indicators used...Read More
The United States’ GDP release for the last quarter of 2021 came in higher than expected. Even with the spread of the Omicron variant of COVID, real GDP increased by 1.7% compared to the previous quarter and is 5.5% higher than in the last quarter of 2020. With the Federal Reserve currently implementing the first...Read More
Non-farm payroll employment reached a total of 866,200 in Puerto Rico during the month of December 2021. Compared to December 2020, this is an increase of 3.5%. Compared to November 2021, there was a decrease of 1,100 (0.1%). This was the first month with a decrease in employment since May 2021. The category with the...Read More
The consumer price index for Puerto Rico for the month of December 2021 came in at 124.15. This was a 0.03% increase when compared to November 2021, and a 4.2% increase when compared to December 2020. Prices have increased significantly since the beginning of the COVID pandemic. We can expect inflation to continue being a...Read More
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
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
There were a total of 276 bankruptcy filings in Puerto Rico during the month of November. Of these, 106 were chapter 7, 169 were chapter 13, and 1 was chapter 11. Compared to 2020, chapter 7 filings were down by 23.7%, chapter 13 filings were down by 7%, and chapter 11 filings were down by...Read More
This week, the Labor Department published the Consumer Price Index and prices for U.S. consumers jumped 6.2% in October compared with a year earlier, leaving families facing their highest inflation rate since 1990. The year-over-year increase in the consumer price index exceeded the 5.4% rise in September.Read More
Los fondos para la promoción turística de la Ley del Plan de Recate Americano (ARPA, por sus siglas en inglés) permitirán que, por dos años, Puerto Rico cuente con un presupuesto para el mercadeo turístico en el exterior similar a lo que invierten algunos de los principales destinos que compiten con la Isla, como la...Read More
There were a total of 1,079 housing units sold in Puerto Rico during the month of September 2021. Compared to the previous month of August, there were 13 fewer units sold, or a decrease of 11%. Compared to September 2020, there was a decrease in sales of 109 units, or 9.2%. There were a total...Read More
