In the month of January 2023, a total of 9,505 new car units were sold in Puerto Rico, an -8.7% decrease when compared to January 2022, according to data from the United Group of Automobile Importers (GUIA, for its Spanish acronym). Car sales have been down for three months and are the lowest for a...Read More
The Economic Activity Index (EAI) registered a -0.6% decrease in October 2022, a -1.0% decrease in November 2022 and a 0.6% increase in December 2022 when com- pared to the same month in 2021. As for the sub-indexes: • Total non-farm payroll employment averaged 928,800 jobs in December; which represents an increase of 0.2% in...Read More
The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.5 percent in January on a seasonally adjusted basis, after a 0.1 percent increase in December, according to the US Bureau of Labor Statistics. The all-items index increased by 6.4 percent over the past 12 months before seasonal adjustment. The rise in all items...Read More
No es muy complicado entender y aplicar el concepto de planificación financiera en nuestro proceso de fortalecer nuestras finanzas personales y prepararnos para el retiro. Lamentablemente, el concepto parece intimidar a muchas personas y por ende una gran cantidad de ciudadanos no adoptan una planificación financiera, lo que tiene consecuencias económicas a largo plazo. Los...Read More
In a supplemental survey of manufacturing establishments, the biggest challenges faced by companies during the past month were: in operations (shortage of raw material 20%, lead times 13%, costs 13%, supply chain logistics 13%, holiday disruptions 13%, maintenance and repair of machinery and equipment 7%), human resources (employment 40%, absenteeism 13%, Covid 13%) and utilities...Read More
La tasa de inflación de diciembre de 2022 mostró un aumento significativo de 6.0% en comparación con el mismo período del año anterior. Al mirar a lo largo del tiempo, la tasa de inflación en la Isla parece estar desacelerándose, lo que puede sugerir que volverá a niveles normales en el futuro próximo. Este aumento...Read More
The inflation rate for December 2022 showed a significant increase of 6.0% compared to the same period in the previous year. When looking over time, The inflation rate on the Island seems to be slowing down, which may suggest that it will return to normal levels in the coming future.Read More
The inflation rate for December 2022 showed a significant increase of 6.0% compared to the same period in the previous year. When looking over time, The inflation rate on the Island seems to be slowing down, which may suggest that it will return to normal levels in the coming future. This increase was seen across...Read More
Retail Sales during November 2022 have once again shown growth in their annual growth rate after the setback that occurred in September of this year due to Fiona’s passage, marking the second month in a row that sales have increased. However, the growth rate of sales has been consistently slowing down as the high prices...Read More
The number of jobs for December 2022 equaled 927,100 employees. The number of jobs observed is an increase of 35,400 employees (4%) compared to December 2021, although it still represents a reduction of 1,500 jobs (0.2%) compared to the previous month of November 2022. The workforce increased to 1,233,000 individuals by December 2022, an increase...Read More
