Puerto Rico’s retail sales showed a slight increase of 1.74 percent from January to August, when total activity exceeded $22.9 billion, from the $22.5 billion during the same eight-month period in 2010, the latest report released by Puerto Rico Trade shows.
More than 100 local local entrepreneurs had the chance to learn about new programs and services to increase their exports or begin the process of exporting, as well as establishing ties with local and federal officials, international business experts and international banking and insurance professionals during Thursday’s Global Access Exporter Forum.
The island’s retail sector ended 2010 with a slight 1.85 percent year-over-year increase, generating more than $2.3 billion in activity. However, the rising costs of food, gasoline and medicines, coupled with the influx of federal funding, could explain the spending growth.
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