Puerto Rico’s auto industry skid into its seventh month of sales losses in August, when activity was down 20.1 percent in comparison to the same month last year.
The accelerated rate at which Puerto Rico is losing population — particularly the younger, productive segment — is placing significant pressure on the island’s housing market, which continues to experience ongoing decreases in sales and rental activity.
Puerto Rico’s retail sales reflected a slight 1.7 percent jump year-over-year in June, when economic activity exceeded $3.1 billion, according to data released by Puerto Rico Trade and Export Wednesday.