Puerto Rico's economic activity index was up 0.6% in March from February.
The index is the main measure of the island's economic activity. The
The index from the Government Development Bank of Puerto Rico is based on four factors: non-farm payroll employment, electric power generation, gasoline consumption and cement sales.
Compared to March 2013 the index was down 0.8%, the smallest year-over-year decrease since February 2013.
Since August 2013 the index is up 1.8%. August 2013 had the lowest index level since the mid-1990s.
Compared to February, non-farm payroll employment was down 0.1% in March. On a per day basis from February to March, electric power generation was up 3.2%, gasoline consumption was up 12.4% and cement sales were down 3.3%.
Compared to March 2013 in March 2014 non-farm payroll employment was down 0.5%, electric power generation was even, gasoline consumption was up 20.2%, and cement sales were down 2.2%.
