The Purchasing Managers Index for Puerto Rico’s manufacturing sector decreased to 43.8 in September but remained below the threshold level for the sixth consecutive month.
A Puerto Rico Manufacturing-Purchasing Managers Index (PRM-PMI) reading below the threshold level suggests a contraction in the manufacturing sector with respect to the previous month.
The New Orders and Employment sub-indexes increased with respect to the previous month, to 44.2 and 46.2, respectively. However, the Suppliers Deliveries sub-index ticked down to 50, according to the result of a collaborative project between the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics.
The PRM-PMI measures short-run business conditions in Puerto Rico’s manufacturing sector and provides a broad-based metric for the productive side of Puerto Rico’s economy.