Puerto Rico Compass ©

Q3 2006: Puerto Rico Weathers the Storm

A Review of Q3 of 2006

Although the economic horizon remains cloudy, its descent appears to have begun to stabilize during the 3rd Quarter of 2006. In this rapidly changing world, consumers are now demanding quicker more efficient service from businesses. PR Compass provides a comprehensive picture of the PR economy by computing and analyzing six quarterly indices. This tool provides real time data and analysis relating to PR’s economic environment. During this quarter the coincident index fell –0.4% compared to the same quarter in 2005. The local fiscal crisis seems to have been overcome. The banking index grew 3.1% indicating resiliency in this sector. Manufacturing fell –2.3% with no recovery in sight. Consumers feel the burn with –2.5% in the index. Construction followed suit with –0.6%. For the next six months, the leading index stabilizes at –1.6%.

Puerto Rico Economic Pulse ©

September 2006: Is Carmania over in Puerto Rico?

On the latest trends and perspectives for the car market in PR

Puerto Ricans cannot live without the beloved automobile. Every day, nearly two million cars storm highways in Puerto Rico. Since 1995, annual car sales have surpassed 100,000 units. As if this were not enough, the industry hit two back to back records in 2004 and 2005. However, an industry that was enjoying its greatest boom ever is also feeling the adverse winds beating Puerto Rico. Car sales have dropped this year by nearly 12% compared to last year. With an uncertain economic landscape and some taxes around the corner, the worst may be yet to come. Find out how the current situation may alter perspectives for the car market in Puerto Rico in the coming months.