The economic activity index is an economic model calculated monthly by the Economic Development Bank of Puerto Rico. It uses four important macroeconomic indicators to create a model that closely estimates the island’s GDP. An increase of a decrease in this index is highly indicative of a change in the island’s economic output. The index...Read More
The PMI for February came in at 57.9. Compared to the previous month of January, this is an increase of 1.9, or 3.4%. Compared to February 2021, this is a decrease of 4.9, or 7.8%. The Omicron outbreak in December caused a large decrease in the index. As such, this is the second consecutive month...Read More
The Purchasing Manager’s Index for Puerto Rico for the month of February was recently released. This index is based on a survey of manufacturing facilities manager’s and is used as a main indicator for the current state of manufacturing on the island. A score above 50 in a category indicates positive performance. The PMI for...Read More
General Fund net revenue for the month of January 2022 reached a total of $999 million. Compared to January 2021, this is an increase of $157 million, or 18.6%. Total revenue for the fiscal year to date (starting in July 2021) is at $6.26 billion. Compared to the 2021 fiscal year, revenue is up by...Read More
General Fund net revenue for the month of January 2022 reached a total of $999 million. Compared to January 2021, this is an increase of $157 million, or 18.6%. Total revenue for the fiscal year to date (starting in July 2021) is at $6.26 billion. Compared to the 2021 fiscal year, revenue is up by...Read More
Non-farm payroll in Puerto Rico reached a total of 902.3 thousand for the month of February 2022. This statistic is the main measurement of employment both on the island and in the US. Rather than being derived from survey data, this is derived directly from payroll data. Compared to the previous month of January, non-farm...Read More
Non-farm payroll in Puerto Rico reached a total of 902.3 thousand for the month of February 2022. This statistic is the main measurement of employment both on the island and in the US. Rather than being derived from survey data, this is derived directly from payroll data. Compared to the previous month of January, non-farm...Read More
Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion. Compared to January 2021, sales increased by $103 million, or 4%. Compared to January 2020, sales increased by $200 million, or 8%. The categories with the largest year over year percentage increases were special food stores (53.9%), fuel...Read More
The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021,...Read More
The Puerto Rico Tourism Company’s monthly report showed a total of 147,763 hotel registrations for the month of January 2022. Compared to January 20021, this was an increase of 34,500 registrations (30.5%). However, compared to January 2020, there were 27,326 fewer registrations, a decrease of 15.6%. After seeing a high number of registrations during the...Read More
