As information from the 2020 census is released, there are several demographic concerns for the island of Puerto Rico. Aside from rapidly decreasing, the islands population has also been aging. Compared to 2015, the median age, which is the age where half the island’s population is older and half is younger, has increased from 40 to...Read More
The tourism industry in Puerto Rico was among the most impacted by the COVID-19 pandemic. The cruise industry, which is an important component of tourism on the island, was grounded to a halt in the month of March. Restrictions on international travel led to an enormous decrease in the number of tourists that the island receives....Read More
Non-farm payroll for the month of July in Puerto Rico totaled 859,500 workers. Compared to the previous month of June, non-farm payroll increased by 3.6 thousand, or 0.4%. Compared to July 2020, there was a 37.1 thousand increase, or 4.5%. Compared to June, the categories with the most growth were education, tourism, and construction. They had...Read More
Electric power consumption in Puerto Rico during June 2021 reached a total of 1,336.30 kWh. The average cost throughout all classes was 24.29 cents per kWh, the average cost for residential clients was 23.12 cents per kWh, and the average price for commercial clients was 25.06 cents per kWh. Compared to the previous month of May,...Read More
The purchasing manager’s Index for June 2021 stood at 53.3. A reading over 50 suggests an expansion for the industry. Compared with May 2021, the index fell by 0.7% compared with the previous month and -10.4% compared with the same month in 2020. The average PMI from January to June was 50.06, while in 2021, it...Read More
