In July 2022, Puerto Rico’s total energy consumption reached 1,514.5KWh. This shows a 1.68% increment when compared to July 2021’s total consumption. When compared to June 2022’s consumption, there is only a 1.28% increment in July 2022’s total consumption. Overall, Puerto Rico’s total energy consumption has seen significant changes. This despite its changes in prices,...Read More
Inflation for July 2022 increased by 7.15% when compared to prices in July 2021. The industries that mainly absorbed this year-over-year increase in their prices were Transportation (14.4%), Food and Beverages (9.1%), Other goods and services (4.5%), Housing (3.1%), Education and Communication (3.0%), Recreation (2.2%), Medical Care (1.6%), and Apparel (1.6%). As for comparison...Read More
The producer price index, which gauges the prices received for final demand products, rose on an annual basis by 9.8%, the lowest rate since October 2021.Read More
Inflation in the United States fell to 8.5% in July largely because of falling gas and energy prices, suggesting that prices will continue to decline. The figure is down from the 9.1% reached in June, the highest figure since 1981. Inflation between June and July remained stable (0.0). The largest increases compared to last year...Read More
Non–farm payroll in Puerto Rico for June 2022 reached 912,900. This reflects an increase of 4.77% or 41,600 when compared to numbers reported in June 2021. However, compared to the previous month of May 2022, we see a decrease of 3,700 or 0.33%. Employment (thousands)March 2020June 2021June 2022Percentage ChangeNon-Farm Payroll887.5871.3912.94.8%Construction27.728.531.08.8%Manufacturing7677.083.48.3%Retail Sales124.9127.9132.43.5%Professional and Business Services124.4128.8141.29.6%Finance45.144.145.83.9%Education33.229.432.08.8%Health Services85.984.786.52.1%Leisure...Read More
Puerto Rico’s Treasury Department reported an income of $1,220,043 in net revenues for its general fund in May 2022. Compared to May 2021’s reported net income, this shows a $194,522 or a 13.75% decrease in general fund net revenues. However, compared to the central government’s fiscal plan projections, said revenues were $348,778 or 40% higher...Read More
The Consumer Price Index (IPC) [1] in Puerto Rico for June 2022 reached 130.17. When comparing year-over-year changes, June 2022 saw a substantial increase of 7.2% in its index. The principal groups with the largest increases in their index, when compared to June 2021, were Transportation (15.6%), Food and Beverages (9.2%), Other Articles and Services...Read More
Bankruptcy filings totaled 318 for the month of July, a 9.7% increase (28 filings) compared to July 2021. When analyzed by Chapter: Chapter 7 filings totaled 100, a -16.0% decrease, Chapter 11 and 12 totaled 5 filings, a -20% decrease, while Chapter 13 totaled 213 filings, a 29% increase compared to July 2021. Year-to-date filings...Read More
The Puerto Rico Tourism company has released their monthly report, in the month of April 2022 there have been a total of 236,634 arrivals in lodgings. Compared to the same month the previous year, it has increased by 32,038 registrations (15.7%). Post-pandemic numbers of registrations have increased 109.6% between 2019 and 2022; this increase demonstrates...Read More
The new car units sold total in Puerto Rico reached 10,516 in June 2022, that is 190 more cars (1.84%) than the previous month of May. This comes after a fall of -4.68% less cars sold from April to May. Compared to the same month in the previous year, June 2021, there was a -9.63%...Read More
