Overall, used housing prices in 2022 were higher than 2023 in five out of twelve months. However, it’s important to consider that the difference in price between the two years is relatively small for most months.Here are some additional observations:May 2022 vs. May 2023: This is the month with the most significant difference in price between...Read More
Puerto Rico’s economy showed signs of positive growth in fiscal year 2023, as indicated by a 0.7% increase in the Gross National Product (GNP) at constant prices when compared to fiscal year 2022. This growth is a significant indicator of the island’s economic health and resilience, especially considering the various challenges it has faced in...Read More
The housing market data from 2019 to 2023 provides insights into the dynamics between existing and new units, as well as the total number of units available each year. According to official data the housing market experienced a slight growth during this period. Several factors, such as the federal stimulus funds, interest rates, limited supply...Read More
The demographic trends of Puerto Rico over the last decade present a compelling narrative of a population in decline. From the data extracted, we witness a consistent decrease in the total population from 2010 through the latest available data.In 2010, Puerto Rico boasted a population of approximately 3.72 million individuals. However, this number began a...Read More
During 2014 and 2023, Puerto Rico’s consumer spending experienced extraordinary growth due to various factors such as natural disasters, federal economic aid, and the COVID-19 pandemic. To understand the recent dynamics, we present an analysis of the most recent trends in consumer spending in Puerto Rico.2014-2016: The period begins with a slight decrease in consumer...Read More
The accumulated retail sales up to the month of December reached the figure of $39.173 billion, an increase of 4% compared to the sales of 2022 when they reached $37.649 billion. The nominal increase is 2.1% higher than the prevailing inflation level on the Island, which stands at 1.9%. However, sales for the month of...Read More
En 2023, Puerto Rico experimentó cambios significativos en su mercado laboral, reflejando una tendencia general hacia la recuperación y el crecimiento en varios sectores. A lo largo del año, la fuerza laboral y el empleo mostraron signos positivos, con variaciones mensuales que indican una progresión hacia una estabilidad económica mejorada.La fuerza laboral civil experimentó un...Read More
The Puerto Rican economy has exhibited a series of fluctuations in recent months, capturing the interest of analysts, investors, and policymakers alike. Through the Economic Activity Index (EAI), a key indicator for evaluating the pulse of economic activity on the island, we have observed trends that suggest a period of notable economic dynamism, especially in...Read More
En diciembre, la inflación en Puerto Rico mostró tendencias diversas en distintos sectores, según los últimos datos.Inflación general: La tasa de inflación general para todos los grupos combinados se registró en 1,98%, lo que representa una disminución en comparación con el 2,7% de octubre. Esto demuestra que la inflación ha comenzado a disminuir.Posible causa: Esta reducción podría deberse a...Read More
Si bien el empleo sigue aumentando, el ritmo de creación de puestos de trabajo se está desacelerando. La nómina no agrícola (SA) totalizó 956.300 puestos de trabajo en diciembre. Esto marca una disminución del 0,07% en comparación con noviembre de 2023, donde el total de puestos de trabajo fue de 957.200. Aunque hubo una ligera...Read More
