Cement Sales reported for July 2022 by Puerto Rico’s Bank of Economic Development reached a total 1,116.2 pounds. This represents a decrease of 207.4 or 15.7% in pounds sold for July 2021. Production on the other hand portrayed an increase of 129.9 piunds. or 21.3%, reaching a total of 738.8 pounds. However, when compared to June 2022’s numbers, cement sales decreased by 229 pounds. or...Read More
Cement Sales reported for July 2022 by Puerto Rico’s Bank of Economic Development reached a total 1,116.2 pounds. This represents a decrease of 207.4 or 15.7% in pounds sold for July 2021. Production on the other hand portrayed an increase of 129.9 piunds. or 21.3%, reaching a total of 738.8 pounds. However, when compared to June 2022’s numbers, cement sales decreased by 229 pounds. or...Read More
The producer price index, which gauges the prices received for final demand products, rose on an annual basis by 9.8%, the lowest rate since October 2021.Read More
Inflation in the United States fell to 8.5% in July largely because of falling gas and energy prices, suggesting that prices will continue to decline. The figure is down from the 9.1% reached in June, the highest figure since 1981. Inflation between June and July remained stable (0.0). The largest increases compared to last year occurred in energy (44.9%), food (10.9%), and housing rental (5.7%)....Read More
Non–farm payroll in Puerto Rico for June 2022 reached 912,900. This reflects an increase of 4.77% or 41,600 when compared to numbers reported in June 2021. However, compared to the previous month of May 2022, we see a decrease of 3,700 or 0.33%. Employment (thousands)March 2020June 2021June 2022Percentage ChangeNon-Farm Payroll887.5871.3912.94.8%Construction27.728.531.08.8%Manufacturing7677.083.48.3%Retail Sales124.9127.9132.43.5%Professional and Business Services124.4128.8141.29.6%Finance45.144.145.83.9%Education33.229.432.08.8%Health Services85.984.786.52.1%Leisure and Hospitality81.475.186.715.5%Government203.5193.9188.1-29.9%Source: Puerto Rico Labor Department When comparing June 2022’s...Read More
