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ECONOMIC INDICATORS DASHBOARD
Recent economic data continue showing improvements in the island’s economy after the sharp disruption caused by the coronavirus lockdown a year ago.
Non-farm salaried employment continues to increase
Sectors that continue to recover rapidly are: Recreation and accommodations, retail, educational services, manufacturing, and construction
Retail sales increased 63%
Inflation increased 3.3% in August 2021 compared to the same period in 2020
Initial jobless claims decreased 44%
Stay up to date on the latest indicators about employment, unemployment, manufacturing activity, home sales, auto sales, among others.
Puerto Rico Banking Stability Index
The index continued improving as of the first quarter of 2021. Increased from 0.52 in the first quarter of 2020 to 0.55 in the fourth quarter of 2020 and then to 0.61 in the first quarter of 2021.
The industry’s profitability improved during the quarter with the return on assets (ROA) increasing for the fifth consecutive quarter from 0.49% in the first quarter of 2020 to 1.42% in the first quarter of 2021.
Nonperforming loans to total loans (NPLs) show a sequential improvement from 6.57% in the third quarter of 2020 to 5.47% in the first quarter of 2021.
The solvency of the industry remains strong with the equity capital to total assets at 8.81% in the first quarter of 2021, although lower than 11.74% in the first quarter of 2020.
Financial Stability Index for the Credit Union Industry in Puerto Rico
The index increased from 0.38 in the fourth quarter 2019 to 0.48 in the second quarter 2020 and to 0.70 in the fourth quarter.
Total deposits rose 20% year-on-year to $10.3 billion in the fourth quarter 2020, while loan balances increased 0.21% year-on-year to $5.2 billion, leading up to an improvement in the loan to deposit ratio from 87.63% in the fourth quarter 2019 to 71.27% in the fourth quarter 2020. The trend in asset quality also improved with the nonperforming loans ratio falling from 3.18% to 2.71% during the period.
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BOARD OF DIRECTORS
José J. Villamil, B.Sc.
Economist
Founder and Chief Executive Officer
Graham Castillo Pagán, JD
Economist
President and Chief Operating Officer
Lcda. Anitza M. Cox, MEd.
Director
Social Analysis and Policy Division
Wanda Crespo, MP, PPL.
Director
Urban, Environmental, and Regional Planning Division
Carlos Torija, MS.
Director
Statistics Division