Economy contracts 0.3% in July 2018

September 5, 2018

The Economic Activity Index reached 121.9 in July 2018, a growth of 0.2% when compared with June 2018 but a 0.3% contraction when compared to July 2017.  For the period of January to July the decline was by 2.7%.

 

This index is composed by the total non-farm payroll employment, electric power generation, gasoline consumption and cement sales. Both non-farm payroll employment and the electric power generation had losses compared to 2017 while gasoline consumption and cement sales had a positive annual increase.  All components remain a bit far from before hurricane numbers, for instance, cement sales when compared year over year it reflects an increase of 24.2% in sales and 7.7% for gasoline consumption respectively.

 

 

Economic Activity Index 

 

 

 

For more information about how this can affect your business, give us a call or visit https://www.economiapr.com/database   

 

 

 

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