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Chantal Benet
The Index of Coincident Indicators in Manufacturing (IICM) rose to 115.9 in October, according to data from the Office of Business Strategy and Intelligence of the Department of Economic Development and Commerce (DDEC). It is the highest level since March 2009. When comparing the month of October last year, the Index grew 3.9% and already...
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During the calendar years 2021 and 2022, data from the Community Survey indicate that the net migration balance between Puerto Rico and the United States decreased from 27,000 to 16,000 people emigrating or by 41%, revealed the Migrant Profile 2021-2022, as published by the Puerto Rico Statistics Institute. According to the survey, between 2021 and...
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Retail sales during October 2023, at an annual rate, reported a reduction when compared to the same month of the previous year. We understand that three (3) effects have influenced this result and the consumption pattern. First of all, we understand that the negative effects of the passage of Hurricane Fiona in September 2022 will...
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The Economic Activity Index (IAE) stood at 129.7 in October, the highest reading since 2014, according to data from the Economic Development Bank (BDE). The index is 6.0% above where it was in the same month last year and represents an increase of 0.2% when compared to the previous month. October is the ninth consecutive...
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On Wall Street, interest rate cuts have recently become less a question of if, but rather, when. Two of 19 Federal Reserve officials predicted the central bank would cut interest rates at least once in the coming year, according to the Fed’s latest Summary of Economic Projections. While most officials believe there will be a total of...
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Pending home sales in October dropped to the lowest level since the National Association of Realtors began tracking them in 2001. Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001,...
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Interannual inflation in Puerto Rico fell six tenths to 2.7% in October, according to data from the Department of Labor and Human Resources (DTRH). It is the lowest inflation in the last three months. This fall in inflation is due to a decrease in the price of gasoline and more moderate increases in food prices....
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Sales registered for October 2022 amounted to $3,157.17 million dollars, when compared with the same month in 2021 it represents an increase of 2.5%. Compared to the previous month, this is a 11.6% increase from September 2022 that had a total of $2,828.34 million in sales. The five sectors with the highest reported increases during...
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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...
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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...
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