There were a total of 276 bankruptcy filings in Puerto Rico during the month of November. Of these, 106 were chapter 7, 169 were chapter 13, and 1 was chapter 11. Compared to 2020, chapter 7 filings were down by 23.7%, chapter 13 filings were down by 7%, and chapter 11 filings were down by...Read More
This week, the Labor Department published the Consumer Price Index and prices for U.S. consumers jumped 6.2% in October compared with a year earlier, leaving families facing their highest inflation rate since 1990. The year-over-year increase in the consumer price index exceeded the 5.4% rise in September.Read More
Non-farm payroll in Puerto Rico for the month of September in 2021 totaled 862.5 thousand workers. Compared to the previous month of August, non-farm payroll increased by 1.8 thousand, or 0.2%. Compared to September 2020, non-farm payroll increased by 24.6, or 2.9%. When compared to March 2020, the last month before the COVID-19 pandemic’s effects...Read More
A total of 9,570 new automobiles were sold in September 2021 in Puerto Rico, a 1,138 unit or 13.5% increase when compared to September 2020. When compared to August 2021 sales decreased by 1,1,85 units or 11.2%. Despite sales decreasing when compared to the previous month, they remain well above pre-pandemic levels with September 2021...Read More
The U.S. Department of Agricultura (USDA) announced it is accepting applications for the Water and Waste Disposal Technical Assistance and Training Grants Program. This program is designed to help improve water and waste treatment infrastructure in rural areas and impact households as well as business in small communities. The USDA is specifically looking for “Nonprofits...Read More
There were a total of 1,079 housing units sold in Puerto Rico during the month of September 2021. Compared to the previous month of August, there were 13 fewer units sold, or a decrease of 11%. Compared to September 2020, there was a decrease in sales of 109 units, or 9.2%. The total amount in...Read More
Retail sales in Puerto Rico reached $2,964 million during July 2021, a $347.2 million or 11.7% increase when compared to July 2020. This year-over-year increase was mainly driven by a $114.2 million or 10.3% increase in sales for department stores, a $85.5 million or 23.9% increase in sales for New and Used Motor Vehicles, and...Read More
The purchasing manager’s index for Puerto Rico for the month of August came in at 53.8. There was a two-point reduction in the index compared to the previous month of July, a 3.6% decrease. Compared to August 2020 however, the index is 5.7 points or 11.9%, higher. The past 4 months have alternated between higher...Read More
The economic activity index for Puerto Rico for the month of July came in at 119.2. Compared to the previous month of June, there was a 0.3% increase, while compared to July 2020, there was a 5% increase. After several months of increased recovery in 2020, the economic activity index has stagnated in 2021, hovering...Read More
During the month of July 2021, gross General Fund revenue in Puerto Rico reached a total of $801 million. Compared to the previous month of June, there was a decrease in revenue of $553 million, or 40.9%. Compared to July 2021, there was a decrease in revenue of 23.1%. Most of this decrease in revenue...Read More
