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  HOME | Caribbean

Puerto Rican Economic Activity Index Drops 2.1%

SAN JUAN The Governmental Development Bank of Puerto Rico said Friday that its economic activity index stood at 125.6 points last month, down 2.1 percent from November 2013.

The public financial institution reported in a communique that if October 2014 is taken as a reference, a slight upturn in the index was seen in November amounting to 0.1 percent.

As for the four variables used by Puerto Rican authorities as the basis for the index, November growth beat October in the segments of gasoline consumption and non-agricultural wage-earning jobs.

The total of non-agricultural wage-earning jobs in November stood at 933,800, a hike of 1.2 percent over October and with no change from November of last year.

Electricity generation amounted to 1.6 million Kw, a drop of 3.3 percent compared with November 2013 and of 11.2 percent compared with this past October.

Cement sales in November reached 960,000 sacks, down 24 percent compared with October, while compared with November 2013 there was a decline of 19.5 percent.

The economic activity index is published monthly.

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