Intelligent Economics recently released a report detailing notable labor market tendencies in 2021, the findings are summarized below: Monthly employment and labor force averages bounced back to their pre-pandemic levels in 2021Full-time employment grew by 93,000 or 14.1% when compared to 2021Full-time employment increased when compared to 2019 while part-time employment decreasedThere is no evidence...Read More
El COVID-19 ha tenido el efecto de acelerar profundos cambios económicos y sociales que a penas comenzamos a entender. Por ejemplo, uno de estos cambios, es la intensificación del comercio digital como opción de consumo para millones de personas, incluyendo a Puerto Rico. Gigantes de esta industria liderados por Amazon, ya han puesto su mira...Read More
El conflicto militar en Ucrania, desatado mediante la invasión rusa el 24 de febrero tiene fuertes efectos sobre la economía local y la economía global. En primera instancia, ocurre en un momento en el cuál la economía mundial no ha logrado normalizarse luego del impacto de la pandemia del COVID-19. Previo a la pandemia, las...Read More
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 137.6 thousand unit or 11.5% decrease when compared to January 2021. Furthermore, when compared to December 2021, sales decreased by 84.8 thousand units or 7.4%. January 2022, saw the lowest number of sales since April 2020 when only 451.3 thousand units were sold due...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 Purchasing Manager’s Index is a monthly indicator measuring the manufacturing industry, is the index is under the threshold of 50 indicates the industry is contracting and is the index is above the threshold of 50 indicates the industry is expanding. For the month of December, the index fell to 47.6, the first reading under...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
