Retail sales provide us with a snapshot of consumer spending and how the changes in consumer spending affect the different industries in the retail sector. When observing the recent month of May 2023 when compared year over year with May 2022 shows nominal growth in sales for 14 of the 18 industry categories, which totaled $3.3 billion in sales and percentage terms reflected a 4.4%...Read More
Bankruptcy data holds a treasure trove of insights into Puerto Rico’s intricate financial and economic landscape. Delving into this data not only provides a window into the Island’s fiscal challenges, economic trends, and regulatory dynamics but also unveils a narrative of resilience and adaptation among local businesses. It stands as a vital instrument, offering a panoramic view of the financial well-being of individuals, enterprises, and...Read More
The retail analysis of Puerto Rico’s economic landscape holds paramount importance, as it serves as a crucial indicator of our economy’s expansion. An increase in retail sales signals a robust and thriving economy, whereas a decline indicates the opposite. Examining the total retail sales for the period between April 2022 and April 2023, we observe a noteworthy 2.6% increase, with sales reaching $3 billion in...Read More
The retail analysis of Puerto Rico’s economic landscape holds paramount importance, as it serves as a crucial indicator of our economy’s expansion. An increase in retail sales signals a robust and thriving economy, whereas a decline indicates the opposite. Examining the total retail sales for the period between April 2022 and April 2023, we observe a noteworthy 2.6% increase, with sales reaching $3 billion in...Read More
Inflation is a critical economic indicator that measures the rate at which prices for goods and services rise over time. Understanding the inflation rate is essential for policymakers, investors, and individuals alike, as it directly affects purchasing power and the overall health of an economy. In this article, we will delve into the inflation rate in Puerto Rico, focusing on the data from May 2023....Read More
