On a non-seasonally adjusted basis (NSA), the Purchasing Managers Index for Puerto Rico’s manufacturing sector edged down to 49.1 in November, suggesting a contraction in the sector with respect to the previous month.
The majority of Puerto Rico’s 78 municipalities are in dire financial conditions, with more than half carrying deficits on their general funds, the Center for Integrity in Public Policy (CIPP) revealed in its third annual Financial Health Index.
The lack of available, reliable economic data and a deficiency in transparency from the government are several key factors that must be addressed for Puerto Rico to improve its ranking in an index published annually by The Heritage Foundation, local economists said Monday.
The Center for Integrity and Public Policy (CIPP), a nonprofit that promotes government transparency, open access to data, and greater citizen engagement, unveiled Thursday the Municipal Financial Health Index, a new tool to analyze and compare the financial health of Puerto Rico’s 78 municipalities.
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.
The cost of living in Puerto Rico for a professional family is about 13 percent more expensive than it is in more than 300 urban and rural areas in the U.S. mainland, according to the findings of the Cost of Living Index.
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 Purchasing Managers Index for the manufacturing sector increased to 52.8 in February, vaulting over the 50-point threshold after two consecutive months of falling short, the report released Tuesday by the Puerto Rico Institute of Statistics revealed.
EVERTEC Inc. will be included in the Puerto Rico Stock Index, Interim Government Development Bank President José V. Pagán-Beauchamp announced Wednesday.
Puerto Rico’s Center for a New Economy has been included in the seventh annual 2013 Global Go To Think Tanks Report, the most comprehensive ranking of the world’s top think tanks commissioned by the World Bank. The nonprofit ranked 69th among the world’s 80 “think tanks to watch.”
Puerto Rico’s economic activity continued to spiral in December, when all four key components showed signs of contraction.
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector increased to 53.1 in November, remaining above the threshold level for the fourth consecutive month on a non-seasonally adjusted (NSA) basis, according to the report released Thursday.
Puerto Rico slipped one notch to 33rd place in Transparency International’s Corruption Perceptions Index 2013, but remains among the world’s cleanest countries in terms of levels of dishonesty in the public sector. In 2012, the island placed 32nd.
Puerto Rico’s road to economic recovery is feasible, but remains a long one and depends entirely on the government’s commitment to lowering electricity costs, stabilizing fiscal revenue, reverting net outward migration, and increasing private investment, H. Calero Consulting Group Inc. expressed in the latest edition of “Compass,” its quarterly publication.
Public and private companies doing business in Puerto Rico will begin benefiting from the tools offered through the Customer Satisfaction Index, a scientifically proven and patented methodology by The American Customer Satisfaction Index to be introduced to the local market next month by Anderson Research International LLC.
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