Luego de experimentar caídas durante los dos primeros trimestres del 2022, el Producto Interno Bruto (PIB), experimentó un crecimiento de 2.6% durante el tercer trimestre. Esta cifra de crecimiento ocurre en momento crucial en el que se especulaba sobre la posibilidad de que la economía estuviera deslizándose hacia una recesión. Durante los primeros dos trimestres del 2022, la economía se había contraído en -1.6% y...Read More
Puerto Rico’s Economic Activity Index (EAI) was recently published by The Economic Development Bank (EDB). Said report showed that the index for August 2022 was at 124.3, which compared to August 2021, shows a 1.5% increase. When compared to July 2022’s Economic Activity Index however, August shows an increase of 0.1%. The Economic Activity Index is based on the activity of four major components...Read More
Inflation in the United States decreased yet again its year-over-year price inflation index. Prices during the month of September 2022 saw an inflation rate of 8.2%. This, in comparison to August 2022’s inflation rate, represents a minor increase, given how inflation for that month reached 8.3%. September’s inflation rates represent the third fall in consumer prices when compared at a year-over-year rate. It is worth...Read More
New car sales in Puerto Rico for the month of September 2022 totaled 8,076 units. This represents a 15.61% or 1,494unit decrease in market sales when compared to September 2021’s total units sold. When compared to August 2022’s total units sold the difference accounted for 19.49% or 1,955 fewer units sold. Seeing as how the average of the month-over-month change in sales fluctuates between -0.4%...Read More
Source: Puerto Rico’s Trade and Export Company Retail Sales for the month of July 2022 reached $3.3million. When compared to July 2021’s total retail sales figure, this represents a 0.6% diminution. When compared to June 2022, there is a 0.3% decrease shown in retail sales. This represents the third year-over-year reduction in the retail sector. Said reduction could be the result of the stoppage of...Read More
