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 first COVID lockdown took place,...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. An increase of a decrease in this index is highly indicative of a change in the island’s economic output. The index...Read More

The Purchasing Manager’s Index for Puerto Rico for the month of February was recently released. This index is based on a survey of manufacturing facilities manager’s and is used as a main indicator for the current state of manufacturing on the island. A score above 50 in a category indicates positive performance. The PMI for...Read More

Bankruptcy filings in March 2022 totaled 414, 14 or 3.5% more than in March 2021.  When compared to February 2022 total bankruptcy filings increased by 119 or 40.3%. It’s worth noting that March 2020 reported the highest amount of bankruptcy filings since December 2020 when filings peaked at 453. Out of the 414 bankruptcies reported...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

Sales in January (millions of $)2020202120222021-2022 ChangeSupermarkets$              339$                343$           39014%Pharmacies$                82$                179$           20414%Restaurants$              159$                161$           15414%Gas Stations & Convenience Stores$              177$                126$           1314%Department Stores$              717$                848$           8996%Total Retail Sales$           2,467$             2,563$        2,6674% Source: Puerto Rico Economic Development Department Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion....Read More

The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021,...Read More