The economy of Puerto Rico grew 15.5 percent year-on-year in October 2018, after a 5.2 percent advance in the previous month. It is the second annual rise after 69 consecutive months of contraction and the strongest so far. The expansion was mainly due to a low base effect when compared to October 2017, following the destruction wreaked by Hurricanes Irma and Maria. In October, cement sales increased by 132.4 percent and electric power generation rose 420 percent compared with the same month last year. Also, gasoline consumption, went up 4.2 percent and non-farm salaried employment increased by 2.1 percent. Leading Economic Index in Puerto Rico averaged 0.49 percent from 1981 until 2018, reaching an all time high of 15.50 percent in October of 2018 and a record low of -19.70 percent in November of 2017.

Leading Economic Index in Puerto Rico is expected to be 18.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Puerto Rico to stand at 4.40 in 12 months time. In the long-term, the Puerto Rico Economic Activity YoY is projected to trend around 2.60 percent in 2020, according to our econometric models.

Puerto Rico Economic Activity YoY
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Puerto Rico Business Last Previous Highest Lowest Unit
Internet Speed 12366.58 10841.57 12366.58 1008.36 KBps [+]
IP Addresses 444657.00 444466.00 610273.00 286457.00 IP [+]
Leading Economic Index 15.50 5.20 15.50 -19.70 percent [+]
Manufacturing Pmi 54.20 53.20 61.70 33.10 [+]
Ease of Doing Business 64.00 64.00 64.00 33.00 [+]
Corruption Index 63.00 62.00 63.00 55.00 Points [+]
Corruption Rank 31.00 33.00 39.00 31.00 [+]
Bankruptcies 279.00 297.00 1155.00 20.00 Companies [+]
Competitiveness Index 4.64 4.66 4.66 4.48 Points [+]
Competitiveness Rank 32.00 30.00 42.00 30.00 [+]

Puerto Rico Economic Activity YoY

In Puerto Rico, the economic activity index summarizes the behavior of four major monthly economic indicators. Up to March 2012, these indicators were: total non-farm payroll employment, cement sales, gasoline consumption, and electric power consumption. As of April 2012, the electric power consumption variable was replaced by the electric power generation variable as the fourth indicator. This page provides - Puerto Rico Economic Activity Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Puerto Rico Economic Activity YoY - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15.50 5.20 15.50 -19.70 1981 - 2018 percent Monthly
January 1980=100

Country Last Previous
Argentina -0.90 Dec/18
Australia -0.10 Nov/18
Brazil 0.29 Nov/18
Canada 0.30 Oct/18
Japan 99.30 Nov/18
Mexico 2.90 Oct/18
Russia 1.80 Nov/18
Singapore 112.00 Sep/18
South Africa -0.20 Sep/18
South Korea 113.50 Nov/18
Turkey -0.29 Nov/18
United Kingdom 0.30 Nov/18
United States 124.80 Nov/18