The economic activity index is an economic model calculated monthly by the Economic Development Bank of Puerto Rico. It uses four important macroeconomic indicators to create a model that closely estimates the island’s GDP. An increase of a decrease in this index is highly indicative of a change in the island’s economic output. The index...Read More

The Purchasing Manager’s Index for Puerto Rico for the month of February was recently released. This index is based on a survey of manufacturing facilities manager’s and is used as a main indicator for the current state of manufacturing on the island. A score above 50 in a category indicates positive performance. The PMI for...Read More

Bankruptcy filings in March 2022 totaled 414, 14 or 3.5% more than in March 2021.  When compared to February 2022 total bankruptcy filings increased by 119 or 40.3%. It’s worth noting that March 2020 reported the highest amount of bankruptcy filings since December 2020 when filings peaked at 453. Out of the 414 bankruptcies reported...Read More

General Fund net revenue for the month of January 2022 reached a total of $999 million. Compared to January 2021, this is an increase of $157 million, or 18.6%. Total revenue for the fiscal year to date (starting in July 2021) is at $6.26 billion. Compared to the 2021 fiscal year, revenue is up by...Read More

Non-farm payroll in Puerto Rico reached a total of 902.3 thousand for the month of February 2022. This statistic is the main measurement of employment both on the island and in the US. Rather than being derived from survey data, this is derived directly from payroll data. Compared to the previous month of January, non-farm...Read More

Sales in January (millions of $)2020202120222021-2022 ChangeSupermarkets$              339$                343$           39014%Pharmacies$                82$                179$           20414%Restaurants$              159$                161$           15414%Gas Stations & Convenience Stores$              177$                126$           1314%Department Stores$              717$                848$           8996%Total Retail Sales$           2,467$             2,563$        2,6674% Source: Puerto Rico Economic Development Department Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion....Read More

The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021,...Read More

Source: Puerto Rico Tourism Company The Puerto Rico Tourism Company’s monthly report showed a total of 147,763 hotel registrations for the month of January 2022. Compared to January 20021, this was an increase of 34,500 registrations (30.5%). However, compared to January 2020, there were 27,326 fewer registrations, a decrease of 15.6%. After seeing a high...Read More

Loans made by credit unions reached a total of $5.6 billion in 2021, their highest point since 2010. When compared to 2020 loans increased by $419.7 million or 8%.  When compared to 2019 loans increased by $427.9 million or 8.2%.  This is a significant contrast to the decline seen in loans and leases made by...Read More

Loans and leases for commercial domestic banks reached $32,637.5 million in 2021, their lowest point in the last decade. Loans and leases for commercial domestic banks have been declining on a yearly basis for most of the past decade, this pattern continued during 2021.  Loans and leases decreased by $1,827.4 million   or 5.3% in 2021...Read More