Insights

Explore our latests analysis
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16
May

Cement sales decrease by 7.7% in April

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...
16
May

Economic Activity Index reaches highest point since February 2016

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...
11
May

New car unit sales are up in April

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 March...
11
May

US Inflation remains high at 8.3% in April defying expectations for a bigger drop

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...
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09
May

Salaries increased 2.9% in 2021

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...
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09
May

Inflation in Puerto Rico hits 5.1% in March 2022

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...
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09
May

The US economy shrank -1.4% in Q1 2022

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....
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09
May

The Federal Reserve approves the biggest increase in interest rates in 22 years

With the objective to contain inflation, the United States Federal Reserve raised interest rates by 0.5 points, leaving them between 0.75% and 1%. It is the second increase this year,...
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