The Economic Development Bank published the latest update of the index where everything points to a reduction of this. For the month of August, the index was 121.9, a decrease of -0.16% compared to August 2017 and the same index for July 2018.
This indicator shows us how the economic activity of the island has plummeted year after year due to the fiscal crisis. The government deficit, deficit in pensions, the collapse of the mortgage market, low labor participation, emigration and population reduction, high energy costs, austerity policies among others.
On the other hand, we can see how precisely 2 months after Hurricane Maria, the economy is recovering little by little and decreasing less and less, all this due to the massive injection of federal transfers.
This analysis was written by the Economic Intelligence research unit, available to subscribers together with more than 90 economic indicators. For more information about our firm or our services, CLICK HERE.