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  • Writer's pictureThe San Juan Daily Star

Economic activity index records annual growth in June

By The Star Staff


Puerto Rico’s seasonally adjusted economic activity index (EAI) reached 128.0 points in June, or 3% higher than the same month last year, a 21-page Economic Development Bank (EDB) preliminary report shows.


During fiscal year (FY) 2022, the seasonally adjusted EDB-EAI increased by 4.9% compared to FY 2021. Moreover, a preliminary increase of 1.9% was recorded during the calendar year 2022, after an increase of 4.9% in 2021.


In the first six months of 2023, the EDB-EAI reached 0.8% growth compared to the same period from the previous year.


Total non-farm payroll employment recorded an average of 940.6 jobs in June, representing a contraction of 1.7% on a month-over-month (MoM) basis and an annual increase of 2.6%. Electric power generation for June 2023 totaled 1,675.0 million kilowatt-hours, a 3.6% growth on an MoM basis and a yearly upturn of 3.4%.


The preliminary estimate for gasoline consumption in June 2023 totaled 69.8 million gallons, 0.3% above the 69.6 million gallons estimated for May 2023 and an 8.7% improvement compared to the same month from the previous year.


Cement sales totaled 1,188.4 million 94-pound bags for June 2023, with decreases of 7.3% on an MoM basis and 5.0% when compared to June 2022.

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