In July Puerto Rico's economic activity index was down 0.8% compared to June.
Compared to July 2013 the index was down 0.7%.
At 125.1, the index set a new post-1990s low, eclipsing the previous low of 125.6 set in August 2013. The index is now down 20% from its peak near the end of 2005.
The index is based on four economic measures.
Compared to July 2013, total non-farm payroll employment increased 0.2%.
Year-over-year electric power generation decreased 0.2% and preliminary gas consumption declined 7.2%.
Finally, over the 12 month period cement sales declined 6.9%.
In three of the last four years, in Puerto Rico there has been weak economic data in the summer followed by stronger readings in the fall. While this does not account for the year-over-year decline, it offers a ray of hope for the fall.
