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Cement sales decrease by 11.5% in January 2022

Cements sales reached 1.06 million 94-lbs bags in January 2022, a 11.5% decrease when compared to January 2021. Furthermore, when compared to December 2021, sales decreased 7.4%.  Additionally, January 2022 saw the lowest number of sales since April 2020 . Despite this, cement sales have stayed at about the same level when compared to January 2019....
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Retail Sales Up 18.3% in November 2021

Retail sales in Puerto Rico during the month of November 2021 reached a total of $3.096 billion. Compared to November 2020, sales increased by $478 million (18.3%), while compared to November 2019, total retail sales increased by $421 million (15.7%). The three retail categories with the largest increases in sales relative to 2020 were department stores...
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Exports increase by 23.2% in November 2021

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 fell -24.5% in 2021

A total of 3,863 bankruptcies were filed in 2021, representing 1,255 less than in 2020 (-24.5%).
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Economic Activity Index Above Pre-Pandemic Level in December

The economic activity index reached a total of 122.5 for the month of December. Compared to the previous month, the index grew by 0.2%, while compared to December 2020, the index grew by 3.8%. As there is a high correlation between this index and the island’s GDP, it is one of the main indicators used to...
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