The Index of Coincident Indicators in Manufacturing (IICM) rose to 115.9 in October, according to data from the Office of Business Strategy and Intelligence of the Department of Economic Development and Commerce (DDEC). It is the highest level since March 2009. When comparing the month of October last year, the Index grew 3.9% and already...Read More
During the calendar years 2021 and 2022, data from the Community Survey indicate that the net migration balance between Puerto Rico and the United States decreased from 27,000 to 16,000 people emigrating or by 41%, revealed the Migrant Profile 2021-2022, as published by the Puerto Rico Statistics Institute. According to the survey, between 2021 and...Read More
Retail sales during October 2023, at an annual rate, reported a reduction when compared to the same month of the previous year. We understand that three (3) effects have influenced this result and the consumption pattern. First of all, we understand that the negative effects of the passage of Hurricane Fiona in September 2022 will...Read More
The Economic Activity Index (IAE) stood at 129.7 in October, the highest reading since 2014, according to data from the Economic Development Bank (BDE). The index is 6.0% above where it was in the same month last year and represents an increase of 0.2% when compared to the previous month. October is the ninth consecutive...Read More
On Wall Street, interest rate cuts have recently become less a question of if, but rather, when. Two of 19 Federal Reserve officials predicted the central bank would cut interest rates at least once in the coming year, according to the Fed’s latest Summary of Economic Projections. While most officials believe there will be a total of...Read More
La temporada navideña en República Dominicana siem- pre ha sido activa. El pago del doble sueldo en diciembre aumenta las ventas locales mientras las entradas de divi- sas por concepto del turismo y las remesas (entre 2010- 2022 las remesas de diciembre han sido un 13% mayores al promedio mensual de enero a noviembre) aumentan...Read More
El oro recién viene de superar la barrera de los USD 2,000/onza. Esto se debe a la pausa en la tasa de interés de la Reserva Federal (Federal funds rate) y a la rebaja de la tasa de los bonos a largo plazo en el mercado, que implican una reducción o estabilización de la inflación....Read More
El programa de asistencia a las PROYIPIME es una facilidad de financiamiento que se brinda el Ministerio de Industria y Comercio a pequeños y nuevos empresarios con el objetivo de fomentar el desarrollo económico. En principio, los prestamos no superan los RD$ 200,000 con plazos de hasta 3 años tasas de interés que inician en...Read More
Las importaciones representan aproximadamente un tercio del PIB y cerca del 40% del consumo privado. Entre 2013-2017 las importaciones nacionales se mantuvieron estables en unos USD 13,800 millones, aumentando a USD 16,300.0 millones para 2018-19 solo para recaer a USD 13,400.0 millones durante el año de la pandemia, 2020. La recuperación pospandemia, aunado a una...Read More
Pending home sales in October dropped to the lowest level since the National Association of Realtors began tracking them in 2001. Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001,...Read More
