The Purchasing Managers Index (PMI) for the month of February 2023 was 61.1, 21% higher than the previous month of January 2023 PMI of 50.5 and compared to February 2022 with a PMI of 57.9 is 5.5% higher. For context the PMI is a measure of the economic course the manufacturing sector experiences where a...Read More
En tiempos de crisis, la historia siempre es una buena herramienta para entender el presente, y poder proyectarnos hacia al futuro. Desde el siglo 19 al presente, la economía de Puerto Rico ha pasado por diversos ciclos o transformaciones. Siempre, los puertorriqueños se las han arreglado para superar los desafíos económicos y salir airosos. Cuando miramos...Read More
Retail Sales in January 2023 totaled $2,841.52 million dollars, compared to the same month in the previous year these sales marked a 3.8% increase year over year. This figure also increases the current accumulated value in the seven months for the current fiscal year (July-January) to $22,335.87 million dollars, 3.4% higher than the accumulated value...Read More
The Total Non-Farm Employment in Puerto Rico for the month of February 2023 amounted to 941,000 employments, the highest levels of employment since November 2012. These February 2023 values also are a 3.1% increase compared to the previous year’s February 2022 employments, but a minimal 0.1% increase compared to the previous month of January 2023’s...Read More
La semana pasada, en Puerto Rico sentimos la sacudida de la crisis de dos bancos en Estados Unidos, y uno en Europa. La intervención de los reguladores federales en el Silicon Valley Bank, ubicado (California), y el Signature Bank (Nueva York), levantó los traumas de la crisis bancaria del 2008, en Estados Unidos, y luego...Read More
The Purchasing Managers Index (PMI) for the month of January 2023 was 50.5, 10.3% lower than the previous month of December 2022 PMI of 56.3 and compared to January 2022 with a PMI of 56 is 9.8% lower. For context the PMI is a measure of the economic course the manufacturing sector experiences where a...Read More
On February 2023 auto sales amounted to 9,309 auto units sold, compared to January 2023 value of 9,505 in auto sales was a reduction on auto sales by 2.1% and presents a reduction of 16.3% compared to the February 2022 auto sales of 11,117 units. While the fluctuating behavior of auto sales and its dependence...Read More
Desde la reapertura gradual de la economía a mediados del 2020, hasta diciembre del 2022, mes tras mes, casi todas las industrias tuvieron crecimientos históricos comportamiento y atípicos tomando en cuenta el efecto acumulado sobre Puerto Rico de la quiebra del gobierno, los huracanes, los terremotos y la pandemia del Covid-19. Los indicadores hablan solos,...Read More
The Coincident Manufacturing Index (CMI) for December 2022 was 114.2 (2016 = 100). Compared to the previous month of November 2022’s 113.9 CMI value, the activity within the sector for December 2022 has increased by 0.3%. When compared with the same month of the previous year of December 2021 that had a CMI of 107.6,...Read More
Sales for December 2022 amounted to $3,736.12 million dollars, this was an increase of 11.3% on a year-to-year basis from December 2021 that produced $3,357.7 million dollars in sales. Compared to the previous month of November 2022 with $3,168.6 million dollars in sales, December 2022 represented a 17.9% increase in sales month-to-month. As for the...Read More
