The Secretary of the Department of Economic Development and Commerce (DDEC), Manuel Cidre Miranda, announced that the manufacturing sector reflected its eighteenth consecutive month of increase at a monthly rate in October. According to the of Coincident Index Indicators in Manufacturing (IICM), the month of October 2021 registered a preliminary value of 107.0 points (2016=100), an increase of 0.7% compared to the previous month. In the last 10 months this index has been increasing with respect to the year before despite the pandemic, reaching an annual change of 5.4% in October. The Index of Coincident Indicators in Manufacturing (IICM) is a metric and analysis tool that measures industrial activity in Puerto Rico on a short-term or monthly basis in a way that offers visibility into the economic state of manufacturing in Puerto Rico and provides analysis tools to the private sector, public and academia of an indicator for their corresponding analyses, public policies and projections of economic activity, among others.
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