Export in Puerto Rico totaled $6billion for the month of June 2022, which implies an increase of $1.1billion or 23% when compared to exports reported for June 2021. Imports also show an increase when compared to figures reported on the previous year, totaling $4.6billion for June 2022. This shows a $230million or a 5% increase...Read More

The Economic Activity Index (EAI) for the month of June stood at 124.3 in June, a 2.3% increase compared to the same month last year, according to data from the Economic Development Bank (BDE, for its Spanish acronym). However, the Index level in June is the lowest in seven months.When compared to the month of...Read More

US Retail Sales for July totaled $682.82 billion, a 10.3% increase compared to July 2021, but remain flat (0%) compared to June 2022 which totaled $682.56 billion. Excluding autos and auto parts, retail sales rose 0.4% in July. Lower gas prices likely freed up money for people to spend elsewhere. Gasoline sales slid 1.8%, reflecting...Read More

Cement Sales reported for July 2022 by Puerto Rico’s Bank of Economic Development reached a total 1,116.2 pounds. This represents a decrease of 207.4 or 15.7% in pounds sold for July 2021. Production on the other hand portrayed an increase of 129.9 piunds. or 21.3%, reaching a total of 738.8 pounds. However, when compared to...Read More

Cement Sales reported for July 2022 by Puerto Rico’s Bank of Economic Development reached a total 1,116.2 pounds. This represents a decrease of 207.4 or 15.7% in pounds sold for July 2021. Production on the other hand portrayed an increase of 129.9 piunds. or 21.3%, reaching a total of 738.8 pounds. However, when compared to...Read More

The producer price index, which gauges the prices received for final demand products, rose on an annual basis by 9.8%, the lowest rate since October 2021.Read More

Inflation in the United States fell to 8.5% in July largely because of falling gas and energy prices, suggesting that prices will continue to decline. The figure is down from the 9.1% reached in June, the highest figure since 1981. Inflation between June and July remained stable (0.0). The largest increases compared to last year...Read More

Non–farm payroll in Puerto Rico for June 2022 reached 912,900. This reflects an increase of 4.77% or 41,600 when compared to numbers reported in June 2021. However, compared to the previous month of May 2022, we see a decrease of 3,700 or 0.33%. Employment (thousands)March 2020June 2021June 2022Percentage ChangeNon-Farm Payroll887.5871.3912.94.8%Construction27.728.531.08.8%Manufacturing7677.083.48.3%Retail Sales124.9127.9132.43.5%Professional and Business Services124.4128.8141.29.6%Finance45.144.145.83.9%Education33.229.432.08.8%Health Services85.984.786.52.1%Leisure...Read More

Puerto Rico’s Treasury Department reported an income of $1,220,043 in net revenues for its general fund in May 2022. Compared to May 2021’s reported net income, this shows a $194,522 or a 13.75% decrease in general fund net revenues. However, compared to the central government’s fiscal plan projections, said revenues were $348,778 or 40% higher...Read More

The Consumer Price Index (IPC) [1] in Puerto Rico for June 2022 reached 130.17. When comparing year-over-year changes, June 2022 saw a substantial increase of 7.2% in its index. The principal groups with the largest increases in their index, when compared to June 2021, were Transportation (15.6%), Food and Beverages (9.2%), Other Articles and Services...Read More