According to the Labor Department of Puerto Rico, on average, Puerto Rico has around 900,000 employees per month, indicating a stable employment landscape. From January 2010 to May 2023, there has been a slight 1.1% increase in employment. The lowest point was in April 2020 with 768,000 employees, but it has since rebounded to normal...Read More
Puerto Rico’s restaurant sector has experienced a remarkable evolution in recent years, showing significant improvement in several areas. From the aftermath of the devastating Hurricane Maria in 2017 to the present day, Puerto Rico’s culinary landscape has not only recovered but has also thrived. According to the Bureau of Labor Statistics, the number of restaurants...Read More
The economic landscape of Puerto Rico has witnessed notable shifts in the manufacturing sector, with significant changes observed in the numerical indicators. By examining the specific figures and their variations from one year to another, we can gain valuable insights into the performance of this industry and identify opportunities for future growth. Within the manufacturing...Read More
Ante el interés y la importancia que han adquirido la Inteligencia Artificial para las empresas, Intelligent Economics y Agnitu ofrecieron en las oficinas de Microsoft Dominicana ayer jueves 21 de junio un simposio sobre la aplicabilidad de novedosas herramientas al entorno económico dominicano con énfasis en su capacidad para promover la eficiencia y rentabilidad. Agnitu, se...Read More
In the dynamic world of retail sales, understanding market trends and identifying growth opportunities is essential for businesses to thrive. Puerto Rico, a vibrant island with a resilient retail sector, offers a promising landscape for entrepreneurs and investors. There are many sectors in the retail industry that one should look at when entering this type...Read More
This April 2023 there was a total of 831 units sold for all categories, representing a 4.3% decrease from April 2022 and an even greater decrease of 19.2% when compared to the previous month of March 2023. The price per housing unit on the other hand has maintained itself rather consistent for the most recent...Read More
New car unit sales for April 2023 amounted to 10,870 units sold, this being an increase of 37 units sold (0.3%) compared on a year-over-year basis with April 2022. April 2023 new car unit sales are also an increase of 138 units sold (1.3%) in a month-to-month basis with March 2023, the first increase in...Read More
Inflation is a measure of the reduction in purchasing power, the price changes measured in inflation not only affects consumers but also affects businesses investments. The inflation rate for the United States amounted to 5% in April 2023. This value for the inflation rate is a negligible 0.03 percentile point reduction from the previous month...Read More
El total de quiebras radicadas para el mes de marzo 2023 fueron 389 radicaciones, una disminución de -6.04% comparado a marzo 2022. Radicaciones bajo Capítulo 13 disminuyeron un -56.3%, Capítulo 7 disminuyó -64.9%. En lo que va del año se han radicado unas 990 solicitudes, un aumento de 2.8% comparado al mismo periodo (enero a...Read More
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,...Read More
