The Purchasing Manager’s Index in September registered at 53.2. A reading over 50 implies an expansion of the Manufacturing industry to the previous month. The PMI has remained over the threshold for over 10 months. The PMI subindexes of New orders and Production shrunk with respect to August 2021. Production, Employment, and Supplier Deliveries all...
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The purchasing manager’s index for Puerto Rico for the month of August came in at 53.8. There was a two-point reduction in the index compared to the previous month of July, a 3.6% decrease. Compared to August 2020 however, the index is 5.7 points or 11.9%, higher. The past 4 months have alternated between higher...
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Pharmaceutical and medical manufacturing is one of the most important components of the Puerto Rican economy. In the 2020 fiscal year, this sector received more than $30 billion in net income. Compared to 2019, net income for this sector increased by 0.03%. We can expect this total to decrease for FY2021 due to the recession...
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