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
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
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
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
La cantidad de empleos para diciembre 2022 equivalió a 927,100 empleados. La cantidad de empleos observada resulto ser un aumento de 35,400 empleados (4%) comparado con diciembre 2021, aunque todavía representa una reducción de 1,500 empleos (0.2%) comparado con el mes anterior de Noviembre 2022. La fuerza laboral aumento a 1,233,000 individuos para Diciembre 2022,...Read More
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...Read More
With the most recent information from November 2022 the overall consumer price index for Puerto Rico reached 131.9, increasing 0.4% from the previous month’s October 2022 value of 131.4 and a 6.3% increase from the November 2021 value of 124.1. For context this would mean a purchasing power of $0.76 for November 2022 in December 2006 dollars, a reduction in purchasing power of $0.05 compared to the...Read More
With the most recent information from November 2022 the overall consumer price index for Puerto Rico reached 131.9, increasing 0.4% from the previous month’s October 2022 value of 131.4 and a 6.3% increase from the November 2021 value of 124.1. For context this would mean a purchasing power of $0.76 for November 2022 in December 2006 dollars, a reduction in purchasing power of $0.05 compared to the...Read More
Sales registered for September 2022 amounted to $2,828.3 million dollars, which represents a decrease of 3.6%, if we compare it with the same month in 2021. When compared to the previous month, this is a -14.1% decrease from August 2022. The groups with the highest reported increases were: Fuel distributors (+45.3%); Supermarkets and alcoholic beverage...Read More
