For the eighth consecutive month, the Manufacturing Purchasing Management Index (PMI) fell, presenting during November 43.2, the second lowest index reached throughout the year 2019, which represents the manufacturing It keeps contracting.
When there is a decrease in the index below 50 – which is the basis for this indicator – it is representative of a contraction in manufacturing activity. While an index above 50 suggests an expansion of the manufacturing sector.
The sub-indices of new orders, production, employment and own inventories decreased with respect to the previous month. Only the sub-index of supplier deliveries increased with respect to the previous month, which represents that the speed of supplier deliveries in November was faster than in October.
Currently, there are 1,730 companies that contribute over 57% of the adjusted gross income of Puerto Rico, creating 74,500 direct jobs and totaling 220,000 between direct, indirect and induced jobs.