According to GUIA, new cars sold for the month of November 2022 totaled 9,147 units, a -2.1% decrease compared to November 2021 (9,346 units). This is the eight-month in 2022 with a decrease in sales in a year-over-year comparison. Year-to-date sales total 112,522 units, a -4.1% compared to the same period last year (117,336 units)....Read More
During these times the prices of goods and services have seen a substantial hike over the past months not only in the United States, but also in Puerto Rico. However, inflationary phenomenon only describes the prices of the item’s consumers buy but does not tell if these economic effects take a toll in their cost...Read More
New car sales in Puerto Rico for the month of October 2022 totaled 11,174 units. This represents a 20.4% increase in market sales when compared to October 2021 (9,281 units). This also represents a 38.3% increase compared to September 2022 (8,076 units). This is the second month of the year with the largest number of...Read More
Cada mes, el Banco de Desarrollo Económico (BDE) publica un breve informe sobre el Índice de Actividad Económica (IAE) para Puerto Rico. Dicho informe revela que el índice para septiembre de este año estaba en 122.6, una disminución del 0.8% en comparación con septiembre de 2021. Cuando se compara con el mismo mes durante el...Read More
Every month, the Economic Development Bank (EDB) releases a brief report on Puerto Rico’s Economic Activity Index (EAI). Such report reveals that the index for September of this year was at 122.6, a decrease of 0.8% when compared to September of 2021. When compared by the same month during the prime of the Covid 19...Read More
La expectativa de una transición a un mundo libre de Covid19, ha chocado con una peligrosa guerra entre Rusia y Ucrania, y una inflación mundial histórica, así como duros precios en el petróleo. La combinación de varios factores económicos globales han creado una situación atípica para las empresas y los consumidores puertorriqueños. Quiero destacar que...Read More
Luego de experimentar caídas durante los dos primeros trimestres del 2022, el Producto Interno Bruto (PIB), experimentó un crecimiento de 2.6% durante el tercer trimestre. Esta cifra de crecimiento ocurre en momento crucial en el que se especulaba sobre la posibilidad de que la economía estuviera deslizándose hacia una recesión. Durante los primeros dos trimestres...Read More
Puerto Rico’s Economic Activity Index (EAI) was recently published by The Economic Development Bank (EDB). Said report showed that the index for August 2022 was at 124.3, which compared to August 2021, shows a 1.5% increase. When compared to July 2022’s Economic Activity Index however, August shows an increase of 0.1%. The Economic Activity...Read More
Inflation in the United States decreased yet again its year-over-year price inflation index. Prices during the month of September 2022 saw an inflation rate of 8.2%. This, in comparison to August 2022’s inflation rate, represents a minor increase, given how inflation for that month reached 8.3%. September’s inflation rates represent the third fall in consumer...Read More
Source: Puerto Rico’s Trade and Export Company Retail Sales for the month of July 2022 reached $3.3million. When compared to July 2021’s total retail sales figure, this represents a 0.6% diminution. When compared to June 2022, there is a 0.3% decrease shown in retail sales. This represents the third year-over-year reduction in the retail sector....Read More
