General Fund net revenue for the month of January 2022 reached a total of $999 million. Compared to January 2021, this is an increase of $157 million, or 18.6%. Total revenue for the fiscal year to date (starting in July 2021) is at $6.26 billion. Compared to the 2021 fiscal year, revenue is up by 4%. Compared to the government’s own revenue projections, there is...Read More
Non-farm payroll in Puerto Rico reached a total of 902.3 thousand for the month of February 2022. This statistic is the main measurement of employment both on the island and in the US. Rather than being derived from survey data, this is derived directly from payroll data. Compared to the previous month of January, non-farm payroll increased by 2.1 thousand, or 0.2%. Compared to February...Read More
Non-farm payroll in Puerto Rico reached a total of 902.3 thousand for the month of February 2022. This statistic is the main measurement of employment both on the island and in the US. Rather than being derived from survey data, this is derived directly from payroll data. Compared to the previous month of January, non-farm payroll increased by 2.1 thousand, or 0.2%. Compared to February...Read More
Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion. Compared to January 2021, sales increased by $103 million, or 4%. Compared to January 2020, sales increased by $200 million, or 8%. The categories with the largest year over year percentage increases were special food stores (53.9%), fuel distributors (33.6%), and electronics and appliance stores (25.9%). The largest...Read More
The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021, this is an increase of 4.7%. This is the largest...Read More
