Puerto Rico’s economic activity index posted the 11th-straight year-over-year drop in October, according to the commonwealth’s Government Development Bank.
The index fell 5.2 percent in September from the same month of 2012, and by 5.4 percent in October, the GDB said today.
The gauge showed improvement on a month-over-month basis. The index rose 1.1 percent in September from the prior month, and by 0.6 percent in October. It marked the first consecutive monthly gains since 2012.