In the third quarter, the U.S. economy exceeded growth expectations, driven by a strong consumer base, despite the challenges of higher interest rates, ongoing inflationary pressures, and a variety of domestic and global economic challenges. The Commerce Department reported that the Gross Domestic Product (GDP) experienced a seasonally adjusted annualized growth rate of 4.9% from July...Read More

This September 2023, there was a total of 902 units sold for all categories, representing a 10.34% decrease from August 2023 and an even greater decrease of 10.43% when compared to September 2022. The price per housing unit, on the other hand, has maintained itself rather consistent for the most recent months, averaging approximately $219,363...Read More

The U.S. economy grew during Q2 2023, blowing past economist expectations and tamping down concerns about a possible recession. Gross domestic product (GDP) grew by a 2.1% compared to Q1 2023. That growth showed a cooling from the 2.6% growth displayed in the quarter before that. Brent Crude Oil, an internationally recognized benchmark, reached just...Read More

The U.S. economy grew during Q2 2023, blowing past economist expectations and tamping down concerns about a possible recession. Gross domestic product (GDP) grew by a 2.1% compared to Q1 2023. That growth showed a cooling from the 2.6% growth displayed in the quarter before that. The heightened growth stems from an increase in consumer...Read More

Employment for the month of July totaled 947,600, a 2.6% increase compared to July 2022. This is the slowest increase since April 2021. On the other hand, the unemployment rate held at 6.2% in July. In the private sector, 20,100 jobs were created, a year-on-year increase of 2.8%, the smallest increase since the pandemic. Meanwhile,...Read More

Retail sales provide us with a snapshot of consumer spending and how the changes in consumer spending affect the different industries in the retail sector. When observing the recent month of May 2023 when compared year over year with May 2022 shows nominal growth in sales for 14 of the 18 industry categories, which totaled...Read More

Bankruptcy data holds a treasure trove of insights into Puerto Rico’s intricate financial and economic landscape. Delving into this data provides a window into the Island’s fiscal challenges, economic trends, and regulatory dynamics and unveils a narrative of resilience and adaptation among local businesses. It is a vital instrument, offering a panoramic view of the...Read More

The retail analysis of Puerto Rico’s economic landscape holds paramount importance, as it serves as a crucial indicator of our economy’s expansion. An increase in retail sales signals a robust and thriving economy, whereas a decline indicates the opposite. Examining the total retail sales for the period between April 2022 and April 2023, we observe...Read More

Inflation is a critical economic indicator that measures the rate at which prices for goods and services rise over time. Understanding the inflation rate is essential for policymakers, investors, and individuals alike, as it directly affects purchasing power and the overall health of an economy. In this article, we will delve into the inflation rate...Read More

The automotive industry in Puerto Rico serves as a vital economic indicator, reflecting consumer sentiment and overall economic health. In this article, we will analyze the month-over-month and year-over-year changes in new car sales, focusing on the most recent data available up until June 2023. Additionally, we will discuss the signs of a cooling trend...Read More