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Blog 2 Columns

June 8, 2022

New Car Unit Sales in May 2022

New car unit sales for May 2022 totaled 10,326. Since May 2021, the amount decreased by 2,360 units (-18.6%). Compared to May 2019, sales are up 16.5%. In the first five months of the year, sales are down -3.5% compared to the same five-month period from last year. Compared to the same period of 2019,...
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files, paper, office-1614223.jpg
May 31, 2022

Unemployment Insurance decrease in May

The number of new unemployment insurance claims because of unemployment in the week of May 7-14 reached 1,157 claims; a 5% increase from the previous week. The total number of unemployment insurance claims that week was 13,190, including initial and continued claims. The total amount of claims had an increase of 3.94% when compared to...
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money, dollars, success-1428594.jpg
May 30, 2022

Inflation reaches 6.1% in April

Inflation for the month of April stood at 6.1%, the highest figure since October 2018, according to data from the Department of Labor and Human Resources. The rise is due to the increase in the price of gasoline (37.1%) and food, mainly oils (24.7%), meat, poultry, fish, eggs (11.2%), and cereals (8.5%). Prices have been...
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production, facility, logistic-4408573.jpg
May 23, 2022

PMI reaches its highest point since 2010

The Purchasing Managers Index demonstrates the direction in which the manufacturing industry’s economy is moving. The PMI compares the current state of the manufacturing sector with the prior month. The neutral value is 50 indicates no change, a value less than 50 means that it’s contracting, and a value greater than 50 means that it’s...
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store, shop, storefront-832188.jpg
May 23, 2022

Retail sales increase in February 2022

Retail sales in February 2022 reached $2,670 millions , with a 2.5% over the year increase when compared to February 2021. When compared to February 2019 there is only a -1%  difference, which shows that Puerto Rico’s retail sales are essentially back at the pre-pandemic level, despite the Omicron outbreak in early 2022. February 2022...
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ferry boat, ship, ocean-123059.jpg
May 23, 2022

Cruise ship passenger traffic increased in March

A total of 75,117 cruise ship passengers arrived in the island in March 2022.  This represents an increase of 19,830 passengers or 35.9% when compared to March 2020.  When compared to February 2022 passenger traffic increased by 40,778 or 118.8%. These passengers were distributed among 46 separate trips.  When compared to March 2020 total trips...
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