Puerto Rico Economic Pulse ©

October 2003: Inside the Puerto Rico Economy – Part II

Monitoring construction, consumption and the banking system

Now is the time to introduce three additional coincident indices that target the “sweetest” but most controversial side of the economy. These coincident indices cover construction, consumption, and banking. They depict the external face of the economy, the face we see every day while we buy, drive, and make money transactions. They are the side of the economy that poses many challenges to economists and policymakers. Our challenge is to uncover the first layer of these sectors and address the real causes of their somewhat strange behavior. Come along and enjoy another fascinating trip to the heart of our economy.