Puerto Rico’s economic activity registered a year-over-year decrease of 0.4 percent, and a month-over-month reduction of 0.3 percent, according to the latest index released by the Government Development Bank Thursday.
Puerto Rico’s Economic Activity Index continued its free-fall in September, when according to the Government Development Bank there was a 1.8 percent year-over-year drop in the results, marking yet another month of contraction.
Puerto Rico’s economic activity index for the month of June showed a 1.0 percent year-over-year reduction, after showing a 1.1 percent YOY decrease in June 2014.
The Government Development Bank released late Friday the Economic Activity Index for the month of May, which reflected a 1.1 percent year-over-year reduction, slightly lower than the 1.3 percent on record for April.
The Puerto Rico government released key economic statistics late Friday that reflected a slide in the Economic Activity Index of 2.4 percent year-over-year in February, as well as put the island’s jobless rate at 15 percent that month.
Puerto Rico’s economic activity continued to spiral in December, when all four key components showed signs of contraction.
The Government Development Bank unveiled the Economic Activity Index (GDB-EAI) for the month of July, which settled at 127.3, reflecting a 0.5 percent year-over-year increase.
The Government Development Bank’s Economic Activity Index for the month of April reached 128.2 during April 2012, an increase of 0.1 percent when compared to April 2011 and the fifth consecutive month of positive year-over-year growth since recession began in 2006, the agency said Wednesday.
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