The latest report on the Coincident Indicators Index in Manufacturing (CIIM) sheds light on the current state of the manufacturing sector in Puerto Rico. Prepared by the Office of Strategy and Business Intelligence, the report covers May 2023 and reveals notable shifts in industrial activity specific to the island. This article will delve into the...Read More
Puerto Rico’s economy is displaying promising signs of growth. When examining the figures for total employment in 2021 and 2022, it shows that these numbers are on the rise. In Puerto Rico, there is a notable 6.7% increase in employment, from 843,810 employees to 900,650. Similarly, the average hourly salary experienced a 6.1% increase, going...Read More
Over the past decade, Puerto Rico has faced a significant decline in its level of economic activity, primarily attributed to economic depression and fiscal issues within the Commonwealth. The situation was further exacerbated by devastating hurricanes and the ongoing COVID-19 pandemic, which pushed the economy to an all-time low. However, since June 2020, Puerto Rico...Read More
According to the Labor Department of Puerto Rico, on average, Puerto Rico has around 900,000 employees per month, indicating a stable employment landscape. From January 2010 to May 2023, there has been a slight 1.1% increase in employment. The lowest point was in April 2020 with 768,000 employees, but it has since rebounded to normal...Read More
Puerto Rico’s restaurant sector has experienced a remarkable evolution in recent years, showing significant improvement in several areas. From the aftermath of the devastating Hurricane Maria in 2017 to the present day, Puerto Rico’s culinary landscape has not only recovered but has also thrived. According to the Bureau of Labor Statistics, the number of restaurants...Read More
The economic landscape of Puerto Rico has witnessed notable shifts in the manufacturing and construction sectors, with significant changes observed in the numerical indicators. By examining the specific figures and their variations from one year to another, we can gain valuable insights into the performance of these industries and identify opportunities for future growth. Within...Read More
Ante el interés y la importancia que han adquirido la Inteligencia Artificial para las empresas, Intelligent Economics y Agnitu ofrecieron en las oficinas de Microsoft Dominicana ayer jueves 21 de junio un simposio sobre la aplicabilidad de novedosas herramientas al entorno económico dominicano con énfasis en su capacidad para promover la eficiencia y rentabilidad. Agnitu, se...Read More
In the dynamic world of retail sales, understanding market trends and identifying growth opportunities is essential for businesses to thrive. Puerto Rico, a vibrant island with a resilient retail sector, offers a promising landscape for entrepreneurs and investors. There are many sectors in the retail industry which one should look at when entering this type of business....Read More
The retail sector is a crucial component of any economy, providing insights into consumer spending patterns and overall economic health. In this economic report, we analyze the performance of various retail categories in March 2023 compared to the same period last year. The data presented offers valuable information on the growth or decline of specific...Read More
This April 2023 there was a total of 831 units sold for all categories, representing a 4.3% decrease from April 2022 and an even greater decrease of 19.2% when compared to the previous month of March 2023. The price per housing unit on the other hand has maintained itself rather consistent for the most recent...Read More
