Government publishes April economic activity index
SAN JUAN – The government of Puerto Rico published Friday the Economic Activity Index (EAI) for the month of April, which reflected a slight increase compared with March. However, it recorded a decrease compared with the same period in 2016.
The four main indicators that make up the EAI are the number of non-farm payroll employment, electric-power generation, cement sales and gas consumption.
The month of April ended with an EAI of 121.4, an increase of 0.4 when compared with March, in which it registered 121. According to the press release issued by the Puerto Rico Fiscal Agency and Financial Advisory Authority (Fafaa), the EAI has maintained an average of 121.3 from January to April.
The April EAI registered a 2% reduction compared with last year, when it registered 123.9.
In terms of non-farm payroll employment, these stood at 881,400 last month, resulting in an annual decrease of 1.4%. Electric power generation for April totaled 1.58 billion kilowatt-hours, or a 5.7% decrease compared with the same period in 2016.
Meanwhile, some 930,000 bags of cement were sold, or a reduction of 7% over the total reflected during the same period a year ago. Finally,the preliminary estimate of gasoline consumption for April was 77.3 million gallons, or 8.5% below the figure of April 2016.
The EAI is compiled to summarize the trends and dynamics of the Puerto Rican economy, having a high correlation with the the island’s gross national product (GNP).