Puerto Rico debt analysts saw some encouraging signs in the commonwealth’s economic activity index, which rose in September and October, breaking a 10 month slide.
The index edged 1.1% higher to 125 in September from August and climbed 0.6% to 127.7 in October, according to figures released Monday. Due to the preceding slide, year-over-year comparisons still showed substantial declines. The index value for September was 5.2% below the value for September 2012. The index value for October was 5.4% below the value for October 2012.