Puerto Rico economic activity drops for fourth straight month

Register now

Puerto Rico’s economic activity index extended its decline to a fourth straight month in December.

The December economic activity index value was 0.7% below that for November. The index was up 16.1% from December 2017, when Puerto Rico was still recovering from the effects of Hurricane Maria.

Compared with December 2016, December’s economic activity index was down 3.1%.

Three of the four components of the economic activity index fell in December from November.

The components that declined from November were non-farm payroll employment (1.1%), electric power generation (0.1%), and gasoline consumption (2.6%). Cement sales, counted by number of 94-pound bags sold, increased by 0.1%.

The Economic Development Bank for Puerto Rico compiles the statistics. It applies a three-month moving average to the gasoline consumption data. In other words, with this data the comparison is between October through December data and September through November data.

For reprint and licensing requests for this article, click here.
PROMESA Commonwealth of Puerto Rico Puerto Rico Sales Tax Financing Corp (COFINA) Puerto Rico Electric Power Authority Puerto Rico Aqueduct & Sewer Authority Puerto Rico Highway & Transportation Authority Puerto Rico
MORE FROM BOND BUYER