Trade Balance in Puerto Rico
Puerto Rico - Trade BalanceHigh-frequency indicators for Q2 of FY 2022 (July 2021–June 2022) paint a mixed picture for activity: The manufacturing PMI averaged higher in October compared to Q1 FY 2022, while retail sales grew in the same month amid upbeat consumer confidence. Moreover, the unemployment rate remained low through October–November, likely boosting household spending in the period. Despite this, economic activity growth lost momentum in October–November compared to the previous quarter. In pandemic-related news, a surge in new Covid-19 cases from mid-December has taken a noticeable toll on the healthcare system, prompting the government to implement a state-wide curfew, restrict maximum capacity and limit business activities from 13 January to 2 February. Simultaneously, Governor Pierluisi also rolled out extra funding for both private and public hospitals, and cash incentives for health workers.
Puerto Rico - Trade Balance Data
|Trade Balance (USD billion)||26.4||28.4||25.2||14.1||14.3|
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