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The month of August saw an overall increase in both Cement Sales and Production with a total of 1,328.6 pounds sold and 789 pounds produced. These figures from Puerto Rico’s Economic Development Bank represent the highest of 2022, barring June of the same year. Compared to July 2022, Cement Sales saw a 19% increase (212.4 pounds); Production saw a 7% increase (50.2 pounds). When contrasting...
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In July 2022, Puerto Rico’s total energy consumption reached 1,514.5KWh. This shows a 1.68% increment when compared to July 2021’s total consumption. When compared to June 2022’s consumption, there is only a 1.28% increment in July 2022’s total consumption. Overall, Puerto Rico’s total energy consumption has seen significant changes. This despite its changes in prices, given that the continued growth in energy costs in the...
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Inflation for July 2022 increased by 7.15% when compared to prices in July 2021. The industries that mainly absorbed this year-over-year increase in their prices were Transportation (14.4%), Food and Beverages (9.1%), Other goods and services (4.5%), Housing (3.1%), Education and Communication (3.0%), Recreation (2.2%), Medical Care (1.6%), and Apparel (1.6%).   As for comparison in behavior with June 2022’s prices (month-over-month change), the index...
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A pesar del dinamismo que aun exhibe la economía hasta julio, según las lecturas más recientes del Índice de Actividad Económica (IAE), el panorama para los próximos meses parece incierto. El IAE exhibe los niveles mas altos alcanzados de noviembre del 2016, y el empleo se encuentra a niveles históricamente altos, con 911,000 personas empleadas, y una tasa de desempleo de 5.9%. Sin embargo, eventos...
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Total employment for Puerto Rico in July 2022 reached 1,090,000,000. This in comparison to July 2021’s total employment, shows an increment of 36,000 or 3.42%. However, when compared to June 2022’s total employment, which was at 1,108,000, a decrease of 18,000 or 1.63%. The current participation rate is at 42.2%. This has been gradually decreasing in the past few months. However, positively speaking, the current...
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Export in Puerto Rico totaled $6billion for the month of June 2022, which implies an increase of $1.1billion or 23% when compared to exports reported for June 2021. Imports also show an increase when compared to figures reported on the previous year, totaling $4.6billion for June 2022. This shows a $230million or a 5% increase compared to June 2021. However, when considering changes in exports...
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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 May, the IAE fell 0.6%, the second month-over-month drop in...
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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 the drop in pump prices. Consumer spending accounts for nearly...
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The number of jobs for December 2022 equaled 927,100 employees. The number of jobs observed is an increase of 35,400 employees (4%) compared to December 2021, although it still represents a reduction of 1,500 jobs (0.2%) compared to the previous month of November 2022. The workforce increased to 1,233,000 individuals by December 2022, an increase of about 17,000 individuals (1.4%) compared to November 2022 but...
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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, un incremento de unos 17,000 individuos (1.4%) comparado con Noviembre...
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A casi un mes de haber dejado atrás el 2022, la pregunta obligada es como será el 2023. El año que acabamos de dejar atrás fue de muchos retos y cambios. La guerra en Ucrania (febrero del 2022), además presenciamos la inflación mas alta en cuatro décadas, y agresivas subidas de tasas de interés por parte del FED para contener los históricos precios. Ya al...
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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 October 2022 were:  Sporting Goods, Musical Instruments, and Entertainment (21.5%); Specialty Food...
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supermarket, shelves, shopping-507295.jpg
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 October 2022 were:  Sporting Goods, Musical Instruments, and Entertainment (21.5%); Specialty Food...
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