Manufacturing sector weakens in December

Graph provided by Puerto Rico Statistics Institute

The Puerto Rico Purchasing Manager’s Index (PR-PMI) for December fell to 47.3 after thirteen consecutive months above the threshold level of 50. Most sub-indexes fell in December thus prompting the fall below the threshold level. This indicates a contraction in the manufacturing sector with respect to November (54.2). The PR-PMI has been above the threshold level 63 out of the 104 months since this survey begun. Seasonal fluctuations may influence the index because it is not seasonally adjusted. The lowest sub-Index for the PR-PMI for December was production with a PR-PMI of 36.4 while supplier deliveries and own inventories had the healthiest indexes with 54.5, above the threshold level.

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