Puerto Rico Compass ©

Q4 2011: Charting the Year in Puerto Rico

What the economic indices tell us in 4th Quarter 2011

Nowadays, recovery is the most wanted outcome in the US and PR. Usually, signs of early growth show up in consumer spending, housing, and construction. This time around, these sectors have been the last to recover in the US. Instead, the US economy is showing signs of recovery on the production side. Manufacturing and business investment have led the way, driving down the unemployment rate. For some economists, that improvement may finally lead to improved consumer spending in the US. The relevant question for us is whether PR shows signs of a production side recovery or if trends in consumer spending, housing, and construction in the island speak of a consumer side recovery? HCCG’s indices for the 4thQ can provide some answers and chart the performance of CY 2011.

Puerto Rico Economic Pulse ©

December 2011: Inside Grandpa’s Shopping Cart

An analysis of what seniors buy, need, want, and entail

Demographers’ warnings have become true: the world is getting grayer. Cohorts of people aged 60 years and older are swelling at an unprecedented rate. They now account for 11% of the world population and for a larger chunk in PR with 20% of total population. An aging population brings challenges and opportunities. This trend exerts pressure on pension systems, health services, labor market, retail, entertainment, housing, and government services. Find out what is the profile of our seniors in PR and how their spending differs from other age groups. Their buying trends are usually dictated by a need to maintain an active lifestyle and this represents a great opportunity in the market. We often mention other countries as “new markets”, but the market for seniors should not be underestimated. The opportunity awaits entrepreneurs who can match what seniors want with the correct product. Let’s take a look at Grandpa’s shopping cart and future pressure on government for more services.