Puerto Rico’s retail sales reached $35.3 billion in 2011, reflecting a $1 billion year-over-year growth, which government officials said Tuesday is a sign “that consumers are keeping optimistic and the island’s economy is maintaining its pace toward recovery.”
If the empty shelves and aisles at several local retail establishments is any indication, Puerto Rican consumers may be spending the same, if not more, than what they did last year to shower their loved ones with candy, flowers and jewelry this Valentine’s Day.
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.
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