Retail sales in the United States reached a seasonally adjusted total of $649 billion in January 2022. Compared to January 2021, there was an increase in sales of 13%. Amongst the major retail categories, the largest year over year increases were seen in gas stations (33.4%), food service and drinking places (27%), and clothing stores...Read More
Cements sales reached 1.06 million 94-lbs bags in January 2022, a 11.5% decrease when compared to January 2021. Furthermore, when compared to December 2021, sales decreased 7.4%. Additionally, January 2022 saw the lowest number of sales since April 2020 . Despite this, cement sales have stayed at about the same level when compared to January...Read More
Retail sales in Puerto Rico during the month of November 2021 reached a total of $3.096 billion. Compared to November 2020, sales increased by $478 million (18.3%), while compared to November 2019, total retail sales increased by $421 million (15.7%). The three retail categories with the largest increases in sales relative to 2020 were department...Read More
For the month of November 2021, exports totaled $5.38 billion, a 23.2% increase compared to November 2020, and a 6% increase from October 2020.Read More
The economic activity index reached a total of 122.5 for the month of December. Compared to the previous month, the index grew by 0.2%, while compared to December 2020, the index grew by 3.8%. As there is a high correlation between this index and the island’s GDP, it is one of the main indicators used...Read More
The United States’ GDP release for the last quarter of 2021 came in higher than expected. Even with the spread of the Omicron variant of COVID, real GDP increased by 1.7% compared to the previous quarter and is 5.5% higher than in the last quarter of 2020. With the Federal Reserve currently implementing the first...Read More
Non-farm payroll employment reached a total of 866,200 in Puerto Rico during the month of December 2021. Compared to December 2020, this is an increase of 3.5%. Compared to November 2021, there was a decrease of 1,100 (0.1%). This was the first month with a decrease in employment since May 2021. The category with the...Read More
The consumer price index for Puerto Rico for the month of December 2021 came in at 124.15. This was a 0.03% increase when compared to November 2021, and a 4.2% increase when compared to December 2020. Prices have increased significantly since the beginning of the COVID pandemic. We can expect inflation to continue being a...Read More
General fund revenue in Puerto Rico reached a total of $758 million for the month of November 2021. Compared to November 2020, revenue increased by $102 million, or 15.6%. Compared to the previous month, revenue was down $128 million (14.5%). Government revenue is currently on pace to surpass both the 2020 calendar year and the...Read More
