Category

Analysis
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For the month of November 2021, exports totaled $5.38 billion, a 23.2% increase compared to November 2020, and a 6% increase from October 2020.
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Bankruptcies in April 2022 reached a total of 294 filings, an increase of 31 filings or 9.5% when compared to April 2021. Bankruptcy filings in the period from January to April 2022 showed a difference of 126 or 9.1% fewer fillings than those reported in the same period for 2021. Additionally,120 or 29.0% fewer filings...
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The latest report released by The U.S. Bureau of Labor Statistics states that inflation in the month of April 2022 is up to 8.3%. Meaning that goods and services were 8.3% more expensive in April 2022 than in April 2021. This year’s rate almost doubled the rate of April 2021 when it was 4.2%. Also,...
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Cement sales reached 1,297.4 thousand 94-pound sacks in April 2022, while production reached 705.5 94-pound sacks. When compared to March 2022 sales decreased by 59.2 thousand units or 7.7%. When compared to April 2021, sales increased by 70.6 thousand units or 11.1%. Meanwhile, when compared to March 2022 production decreased by 174.6 thousand units or...
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The Economic Activity Index (EAI) is a measure of the island economic activity calculated by the Economic Development Bank of Puerto Rico.  It is based of four macroeconomic indicators, Total Non-Farm Payroll, Electric Power Generation, Gas Consumption and Cement Sales.   Altogether these indicators closely model trends in the islands production, because of this, changes in...
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New car unit sales for the month of April 2022 totaled 10,833, only 19 units more (0.2%) compared to April 2021. This slight increase comes after falling 4.4% in the March due to inventory challenges. Compared to April 2019, sales are up 47.4%. In the first four months of the year, sales are 0.9% above...
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Inflation in the United States exceeds expectations and increases the pressure on the Fed for new increases in the interest rate. Consumer prices rose 0.3% in April compared to March and an accumulating rise of 8.3% compared to April 2021. However, the data for April was above the 0.2% expected by the market for the...
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The Bureau of Labor Statistics published last week new reports for wages nationwide and in Puerto Rico. Average hourly wages for 2021 were $10.93hr, an increase of 2.9% compared to the previous year. Total Nonfarm Payroll also increased to 843,810 wage workers according to the BLS. When analyzed by occupation, those in Life, Physical, and...
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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...
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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...
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