The Government Development Bank for Puerto Rico’s economic activity index increased slightly to 127.3 in March, as gasoline consumption fell for the second month in a row. Year over year, March’s 127.3 reading is down 1.8% from 129.7 in 2010. That is the smallest year-over-year decline since August 2007, according to the GDB’s March EAI report.

Officials calculate the index using payroll figures, cement sales, and gasoline and electric consumption levels. The EAI is closely aligned with Puerto Rico’s gross domestic product.

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