The Puerto Rican economy has exhibited a series of fluctuations in recent months, capturing the interest of analysts, investors, and policymakers alike. Through the Economic Activity Index (EAI), a key indicator for evaluating the pulse of economic activity on the island, we have observed trends that suggest a period of notable economic dynamism, especially in...Read More
En diciembre, la inflación en Puerto Rico mostró tendencias diversas en distintos sectores, según los últimos datos.Inflación general: La tasa de inflación general para todos los grupos combinados se registró en 1,98%, lo que representa una disminución en comparación con el 2,7% de octubre. Esto demuestra que la inflación ha comenzado a disminuir.Posible causa: Esta reducción podría deberse a...Read More
Si bien el empleo sigue aumentando, el ritmo de creación de puestos de trabajo se está desacelerando. La nómina no agrícola (SA) totalizó 956.300 puestos de trabajo en diciembre. Esto marca una disminución del 0,07% en comparación con noviembre de 2023, donde el total de puestos de trabajo fue de 957.200. Aunque hubo una ligera...Read More
In December, inflation in Puerto Rico showed varied trends across different sectors according to the latest data. The overall inflation rate for all groups combined was recorded at 1.98%, when compared to October’s 2.7%, it shows how inflation has started to decrease.This could be an effect on how Interest Rates have been in locked since...Read More
Employment is still on the rise, Nonfarm payroll (SA) totaled 956,300 jobs in December. This marks a decrease of .07% when compared to November 2023 where the total jobs were 957,200. Although there was a slight decrease, jobs should continue to keep increasing in the coming months as it has been doing during 2023. The...Read More
The accumulated retail sales up to the month of November reached the figure of $35.268billion, an increase of 4% compared to the sales of 2022 when they reached $33.912 billion. Thenominal increase is 2% higher than the prevailing inflation level on the Island, which stands at 2%.However, sales for the month of November alone increased...Read More
In the past decade, Puerto Rico has undergone a turbulent journey in its labor market, revealing a narrative of resilience, challenges, and transformations. A detailed analysis of total employment on the island, measured in thousands of individuals since 2010, provides an insightful perspective on economic trends and the forces shaping the labor landscape. Trends and...Read More
The most important global economies are generally determined by their Gross Domestic Product (GDP),which measures the total value of goods and services produced within a country. Despite the recentglobal tensions and the disruption created by the Covid-19, measured by GPD, the global economy isgrowing at an average rate of 3% during 2023 and the projection...Read More
As we transition to the new year, and the business sector has begun to make plans and budgets for thenew year. The Intelligent Economics team is ready to provide the data and economic analysis you needto support your business decisions. The starting point of our analysis and vision for 2024 suggests that,as we approach the...Read More
In the month of December 2023, a total of 11,538 new car units were sold in PuertoRico, showing a decrease of about 3.95% from the 11,802 vehicles sold in December2022 according to data from the United Group of Automobile Importers (GUIA, for itsSpanish acronym). When comparing the YTD of 2022 and 2023, there’s been anincrease...Read More
