Sales registered for October 2022 amounted to $3,157.17 million dollars, when compared with the same month in 2021 it represents an increase of 2.5%. Compared to the previous month, this is a 11.6% increase from September 2022 that had a total of $2,828.34 million in sales. The five sectors with the highest reported increases during...Read More
With the most recent information from November 2022 the overall consumer price index for Puerto Rico reached 131.9, increasing 0.4% from the previous month’s October 2022 value of 131.4 and a 6.3% increase from the November 2021 value of 124.1. For context this would mean a purchasing power of $0.76 for November 2022 in December 2006 dollars, a reduction in purchasing power of $0.05 compared to the...Read More
Housing activity has decreased in the 2022 third quarter, with the reported total number of housing units sold being 2,560. Compared to the 2021 third trimester with 3,504 housing units sold, this a decrease of 944 housing units sold, reflecting a reduction of 26.9% in units sold. Aggregated sales of housing units totaled $473,806,900, 21.6%...Read More
Cada cuatrienio se lleva a cabo la competencia más importante del fútbol, “La Copa Mundial”. El país anfitrión este año, Qatar, ha invertido sobre $220 billones en el evento. Esto es casi 60 veces más de lo que costo para el mundial en el año 2010 celebrado en Sudáfrica ($3.5 billones). A pesar de la emoción que...Read More
Sales registered for September 2022 amounted to $2,828.3 million dollars, which represents a decrease of 3.6%, if we compare it with the same month in 2021. When compared to the previous month, this is a -14.1% decrease from August 2022. The groups with the highest reported increases were: Fuel distributors (+45.3%); Supermarkets and alcoholic beverage...Read More
According to BoletinPR, bankruptcies for the month of November 2022 totaled 306 filings, a 10.9% increase compared to November 2021. In context, while the 10.9% increase is a lot, the number of filings (306) is the second lowest since 2012. This means that for the month of November, bankruptcy filings have declined in 2021 and...Read More
According to GUIA, new cars sold for the month of November 2022 totaled 9,147 units, a -2.1% decrease compared to November 2021 (9,346 units). This is the eight-month in 2022 with a decrease in sales in a year-over-year comparison. Year-to-date sales total 112,522 units, a -4.1% compared to the same period last year (117,336 units)....Read More
During these times the prices of goods and services have seen a substantial hike over the past months not only in the United States, but also in Puerto Rico. However, inflationary phenomenon only describes the prices of the item’s consumers buy but does not tell if these economic effects take a toll in their cost...Read More
New car sales in Puerto Rico for the month of October 2022 totaled 11,174 units. This represents a 20.4% increase in market sales when compared to October 2021 (9,281 units). This also represents a 38.3% increase compared to September 2022 (8,076 units). This is the second month of the year with the largest number of...Read More
Every month, the Economic Development Bank (EDB) releases a brief report on Puerto Rico’s Economic Activity Index (EAI). Such report reveals that the index for September of this year was at 122.6, a decrease of 0.8% when compared to September of 2021. When compared by the same month during the prime of the Covid 19...Read More
