Wednesday, June 19, 2019

Manufacturing continues 8-month expansion in Puerto Rico

By on August 1, 2018

SAN JUAN – The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector increased to 61.1 in June, remaining at or above the threshold of 50 for eight consecutive months.

“A reading above the threshold level suggests an expansion in the manufacturing sector with respect to the previous month,” according to a report released by the Puerto Rico Statistics Institute.

The PMI has been at or above the threshold level in 58 of the 98 months since the survey was first undertaken. It is currently available only on a non‐seasonally adjusted basis, which means that seasonal fluctuations can affect its performance.

In June, the New Orders PMI (NSA) took off, and reached 66.7, remaining over the threshold level for the sixth consecutive month. A reading above 50 indicates that new orders at manufacturing establishments in June were higher than in May.

The subindexes of the PMI also remained above the threshold level of 50. The Production PMI rose to 58.3 in June, remaining at or above the threshold level for the eighth consecutive month.

The Employment PMI (NSA) edged up to 63.9, remaining over the threshold level for a third consecutive month. The Supplier Deliveries PMI (NSA) lept to the threshold level of 50 in June. The Own Inventories PMI (NSA) climbed to 66.7, remaining at or above the threshold level for a fourth consecutive month.

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