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...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...Read More
Puerto Rico’s Treasury Department reported an income of $1,220,043 in net revenues for its general fund in May 2022. Compared to May 2021’s reported net income, this shows a $194,522 or a 13.75% decrease in general fund net revenues. However, compared to the central government’s fiscal plan projections, said revenues were $348,778 or 40% higher than...Read More
The Consumer Price Index (IPC) [1] in Puerto Rico for June 2022 reached 130.17. When comparing year-over-year changes, June 2022 saw a substantial increase of 7.2% in its index. The principal groups with the largest increases in their index, when compared to June 2021, were Transportation (15.6%), Food and Beverages (9.2%), Other Articles and Services (3.5%),...Read More
Bankruptcy filings totaled 318 for the month of July, a 9.7% increase (28 filings) compared to July 2021. When analyzed by Chapter: Chapter 7 filings totaled 100, a -16.0% decrease, Chapter 11 and 12 totaled 5 filings, a -20% decrease, while Chapter 13 totaled 213 filings, a 29% increase compared to July 2021. Year-to-date filings total...Read More
