Puerto Rico’s General Fund net revenue was reported as a total of $906 million for the month of February 2022. Compared to February 2021, this was a $191 million increase, or 26.8%. Compared to the central government’s fiscal plan projections, this was 20% higher. Source: Puerto Rico Treasury DepartmentRead More
Cement production reached a total of 765 thousand 94lb sacks for the month of March 2022, while sales totaled 1,472 thousand 94lb sacks. Compared to the previous month of February, production increased by 144, or 23.2%. Compared to March 2021, production decreased by 0.7%.Read More
There were 883 total housing units sold in Puerto Rico during the month of February 2022. Compared to February 2021, sales were down by 263 units, or 22.9%. Compared to January 2022, sales decreased by 153 units, or 14.8%. Out of these sales, 73 were new housing units and the rest, 810, were used housing...Read More
Non-farm payroll in Puerto Rico for the month of March 2022 reached a total of 908,200 workers. Compared to the previous month of February, this total went up by 2,000, or 0.2%. Compared to March 2021, there was an increase of 47,200, or 5.5%. Compared to March 2020, before the initial COVID lockdown took place,...Read More
Según los últimos datos publicados por la Oficina de Estadísticas Laborales de Estados Unidos, la inflación en marzo alcanzó el 8.5%. Esto significa que, en promedio, los bienes y servicios eran un 8.5% más caros en marzo de 2022 que en marzo de 2021. Para decirlo claramente, $ 1 en dólares de marzo de 2022...Read More
According to the latest data released by the U.S. Bureau of Labor Statistics, inflation in March reached 8.5%. This means that on average goods and services were 8.5% more expensive on March 2022 than on March 2021. To put it plainly, $1 in March 2022 dollars will buy you the same amount of goods that...Read More
The economic activity index is an economic model calculated monthly by the Economic Development Bank of Puerto Rico. It uses four important macroeconomic indicators to create a model that closely estimates the island’s GDP. Change in this index is highly indicative of a change in the island’s economic output. The index reached 124.6 for the...Read More
The PMI for February came in at 57.9. Compared to the previous month of January, this is an increase of 1.9, or 3.4%. Compared to February 2021, this is a decrease of 4.9, or 7.8%. The Omicron outbreak in December caused a large decrease in the index. As such, this is the second consecutive month...Read More
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...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...Read More
