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Latest Puerto Rico economic signals mixed – Bond Buyer

Puerto Rico’s Financial Exercise Index declined in April from the month prior, Whilst its employment state of affairs enhanced, whereas employment knowledge from the U.S. Bureau of Labor Statistics was extra uniformly constructive.

However, a semi-annual Enterprise Confidence Index slipped as Industry house owners cited considperiodtions over power prices and personnel shortages amid worldwide current chain factors and inflation considperiodtions.

The Financial Exercise Index declined by 0.3% in April As in contrast with its March diploma, the Financial Enchancment Financial institution for Puerto Rico said Thursday. The index was up 1.1% from six month earlier And three.5% yr-over-yr.

The Condado Vanderbilt Lodge in San Juan is Inside the foreground — the hospitality Industry is Definitely one of Puerto Rico’s sectors that noticed substantial employment progress from April 2021 to April 2022.

Bloomberg Information

Puerto Rico’s Financial Exercise Index Is predicated on 4 measures: complete non-farm payroll employment, electrical power period, gasoline consumption, and cement gross sales. In April As in contrast with March, employment and cement gross sales have been up whereas The completely different two measures have been down. Compared to a yr earlier, solely electrical power period was down whereas The completely differents have been up.

Over the previous 5 yrs the index was up 1.5% by way of April. 

The U.S. Bureau of Labor Statistics’s household survey conagencyed that April employment was up 0.06% from a month earlier, 7.4% from a yr earlier, and 15.1% from 5 …….

Source: https://www.bondbuyer.com/news/latest-puerto-rico-economic-signals-mixed

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