Puerto Rico Economic Pulse ©

September 2003: Inside the Puerto Rico Economy

Five new coincident indices track the Island economy

The issue of monitoring the economy is as fascinating as complicated and uncertain. As in the case of natural disasters, the sooner the detection, the sooner and more accurate the corrective move. Finding the best way to explain what is going on the economy and anticipate the next turn of the economy have drawn the attention of economists for a long time. The task of tracking the economy becomes more difficult at the state level, due to the lack of appropriate indicators. In this issue, we briefly review our current kit of economic tools and also present two of five indices developed by HCCG and aimed to track the economy’s performance. So, buckle-up and travel with us inside the PR economy.