There were a total of 276 bankruptcy filings in Puerto Rico during the month of November. Of these, 106 were chapter 7, 169 were chapter 13, and 1 was chapter 11. Compared to 2020, chapter 7 filings were down by 23.7%, chapter 13 filings were down by 7%, and chapter 11 filings were down by...Read More
There were a total of 276 bankruptcy filings in Puerto Rico during the month of November. Of these, 106 were chapter 7, 169 were chapter 13, and 1 was chapter 11. Compared to 2020, chapter 7 filings were down by 23.7%, chapter 13 filings were down by 7%, and chapter 11 filings were down by...Read More
This week, the Labor Department published the Consumer Price Index and prices for U.S. consumers jumped 6.2% in October compared with a year earlier, leaving families facing their highest inflation rate since 1990. The year-over-year increase in the consumer price index exceeded the 5.4% rise in September.Read More
The following is a press release from the FOMB outlining their acceptance of the new Plan of Adjustment. La Junta de Supervisión y Administración Financiera para Puerto Rico anunció hoy su disposición para continuar con el proceso de confirmación del Plan deAjuste con el fin de reducir la deuda del Gobierno en un 80% y...Read More
Non-farm payroll in Puerto Rico for the month of September in 2021 totaled 862.5 thousand workers. Compared to the previous month of August, non-farm payroll increased by 1.8 thousand, or 0.2%. Compared to September 2020, non-farm payroll increased by 24.6, or 2.9%. When compared to March 2020, the last month before the COVID-19 pandemic’s effects...Read More
Non-farm payroll in Puerto Rico for the month of September in 2021 totaled 862.5 thousand workers. Compared to the previous month of August, non-farm payroll increased by 1.8 thousand, or 0.2%. Compared to September 2020, non-farm payroll increased by 24.6, or 2.9%. When compared to March 2020, the last month before the COVID-19 pandemic’s effects...Read More
Retail sales in Puerto Rico reached $2,964 million during July 2021, a $347.2 million or 11.7% increase when compared to July 2020. This year-over-year increase was mainly driven by a $114.2 million or 10.3% increase in sales for department stores, a $85.5 million or 23.9% increase in sales for New and Used Motor Vehicles, and...Read More
Se logro evitar un cierre del gobierno federal de los Estados Unidos gracias a un acuerdo que logró extender los fondos disponibles para el funcionamiento del gobierno hasta el 3 de diciembre. Esta discusión en el Congreso se debe al limite de deuda del gobierno federal. Este limite es el total que el tesoro federal...Read More
The economic activity index for Puerto Rico for the month of July came in at 119.2. Compared to the previous month of June, there was a 0.3% increase, while compared to July 2020, there was a 5% increase. After several months of increased recovery in 2020, the economic activity index has stagnated in 2021, hovering...Read More
El índice de precios al consumidor en Puerto Rico durante el mes de agosto llegó a un total de 122.48. Comparado con agosto del 2020, hubo un aumento, o tasa de inflación, de 3.3%. Al compararse con el mes anterior, hubo un aumento de 0.4%. Este fue el duodécimo mes consecutivo con un aumento en...Read More
