The Index of Coincident Indicators in Manufacturing (IICM) rose to 115.9 in October, according to data from the Office of Business Strategy and Intelligence of the Department of Economic Development and Commerce (DDEC). It is the highest level since March 2009. When comparing the month of October last year, the Index grew 3.9% and already...Read More
During the calendar years 2021 and 2022, data from the Community Survey indicate that the net migration balance between Puerto Rico and the United States decreased from 27,000 to 16,000 people emigrating or by 41%, revealed the Migrant Profile 2021-2022, as published by the Puerto Rico Statistics Institute. According to the survey, between 2021 and...Read More
Retail sales during October 2023, at an annual rate, reported a reduction when compared to the same month of the previous year. We understand that three (3) effects have influenced this result and the consumption pattern. First of all, we understand that the negative effects of the passage of Hurricane Fiona in September 2022 will...Read More
The Economic Activity Index (IAE) stood at 129.7 in October, the highest reading since 2014, according to data from the Economic Development Bank (BDE). The index is 6.0% above where it was in the same month last year and represents an increase of 0.2% when compared to the previous month. October is the ninth consecutive...Read More
On Wall Street, interest rate cuts have recently become less a question of if, but rather, when. Two of 19 Federal Reserve officials predicted the central bank would cut interest rates at least once in the coming year, according to the Fed’s latest Summary of Economic Projections. While most officials believe there will be a total of...Read More
Durante el foro auspiciado por MIDA presentamos un análisis en torno a las tendencias de la industria de alimentos y las proyecciones del sector para el 2024. De entrada, nuestro análisis parece indicar que, en el 2023, la industria a comenzado a dar síntomas de normalidad, luego de dos años extraordinarios (2021 y 2022). Gran...Read More
Pending home sales in October dropped to the lowest level since the National Association of Realtors began tracking them in 2001. Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001,...Read More
Interannual inflation in Puerto Rico fell six tenths to 2.7% in October, according to data from the Department of Labor and Human Resources (DTRH). It is the lowest inflation in the last three months. This fall in inflation is due to a decrease in the price of gasoline and more moderate increases in food prices....Read More
En el mes de octubre de 2023, se vendieron un total de 10,896 unidades de automóviles nuevos en Puerto Rico, mostrando una ligera disminución de aproximadamente el 2.49% en comparación con los 11,174 vehículos vendidos en octubre de 2022 según datos del Grupo Unido de Importadores de Automóviles (GUIA, por sus siglas en español). Al...Read More
In the month of October 2023, a total of 10,896 new car units were sold in Puerto Rico, showing a slight decrease of about 2.49% from the 11,174 vehicles sold in October 2022 according to data from the United Group of Automobile Importers (GUIA, for its Spanish acronym). When comparing the YTD of 2022 and...Read More
