Category

Analysis
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Inflation August 2021 The consumer price index for the month of August in Puerto Rico was 122.48. Compared to August 2020, the consumer price index had a 3.3% increase. Compared to the previous month of July, there was a 0.4% increase. This was the 12th consecutive month with an increase in the index. Recent supply...
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New housing unit sales in August 2021 were 99, an increase of eleven units compared to July. In August 2020, new unit sales were 75, and this year is 32% above. The accumulated total from January to August is 689 new housing units, 26.7% over the same period for 2020. We must note that in...
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For the 2nd quarter of 2021, there were a total of 1,337,161 inbound passengers at Luis Muñoz Marín International Airport (LMM) and 1,334,199 outbound passengers. Compared to the previous quarter, there was an increase of 49.8% in inbound traffic and of 52.8% in outbound traffic. Since 2020 was an outlier in terms of traffic due...
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Total cement sales in august 2021 were 1,258.93 94 Lb. bags, a reduction of 5 percent compared to July 2021. August marks the third consecutive month with cement sales reduction compared to the same month of last year with 9%. Production in August was 585.05 bags, a reduction of4% compared to July. August marks the...
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Retail sales in Puerto Rico for the month of May 2021 totaled $3.347 billion. Compared to the previous month of April, sales increased by $397 million, or 13.5%. Since April and May of 2020 were affected by the COVID lockdown executive orders, year over year comparisons will be made with 2019 in order to provide...
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Total bankruptcies for all chapters in August 2021 stood at 303, 13 more than in July. When compared with August 2020, this year is -28% less. The accumulated total in 2021 is 2,639 bankruptcies, 24% less than for the same period in 2020. Chapter 7 bankruptcies in August were 129, the first increase month over...
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New and used housing units sales have been released for July 2021. Total housing units sold were 1,212 for $203,080,412 of aggregated sales. On average, housing units were sold for $167,558.10 each one. Total loans stood at $181,342,617, 4% more than in June and 30% more than in July 2020. Total units sold in July...
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Loans and leases for commercial banks in Puerto Rico totaled $34.5 billion in the first quarter of 2021.  When compared to the fourth quarter of 2020, loans and leases decreased by about $511,084 million or 1.5%.  Despite this, loans and leases for commercial banks increased within a one-year period.  When compared to the first quarter...
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Puerto Rico is facing several demographic challenges, in particular its diminishing population. The main concerns with the island’s diminishing population over the past 15 years have been mostly about the costs associated with the aging of the population that remains. The other side of this however can be seen in how total school enrollment on...
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Pharmaceutical and medical manufacturing is one of the most important components of the Puerto Rican economy. In the 2020 fiscal year, this sector received more than $30 billion in net income. Compared to 2019, net income for this sector increased by 0.03%. We can expect this total to decrease for FY2021 due to the recession...
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