Economic activity index decreased 6.8% for fiscal year 2018

The Economic Activity Index (EAI) for the month of June was 121.7, -0.8% compared to June 2017, this closes fiscal year 2018. When compared to fiscal year 2017 the EAI reflected a contraction of 6.76%. The EAI is a coincident index, a metric that shows economist and policy makers the current state of the economy and lets us know the possibilities for future tendencies.

This index is composed by the total payroll employment, total electric power generation, cement sales and gas consumption. Employment experienced a reduction of 3.5%, electric power generation decreased 8.3%, gasoline consumption increased 8.1% and cement sales increased 23.4% with respect to the previous fiscal year.

Source: Economic Development Bank of Puerto Rico