PRESS RELEASE

Statistics Institute publishes new section on economic indicators

The executive director of the Puerto Rico Statistics Institute (Institute), Dr. Orville M. Disdier, announced the availability of a new section of some economic indicators on its website, presented through interactive graphics.

“Fulfilling our mission of providing citizens with universal and rapid access to statistics, we created this section that will serve as a reference for government and private enterprise, in economic terms. In the same way, as the section is nourished with new data, it could eventually help outline plans for economic recovery due to COVID-19,” said Disdier.

The section currently has interactive graphics covering the period from March 2017 to May 2020, which will be updated as the Institute receives information from the agencies or entities concerned. The first of them, Puerto Rico Manufacturing Purchasing Managers Index (PRM-PMI), is an indicator that measures the short-term productive side of Puerto Rico's economy, specifically manufacturing, and includes employment indicators, supplier deliveries, inventories, new orders and production.

In the graph, Production and Consumption of Electric Energy in Puerto Rico, information can be obtained from indicators, such as active customers, net generation in millions of kilowatt-hours (mKWh), total consumption (mKWh), cost per kWh purchased, and total income, among others.

Users of the page will also be able to access the graph, Total Non-Agricultural Wage Employment, adjusted and without seasonal adjustment.

In the fourth graph that the section currently has, you can obtain data on the number of initial Unemployment Insurance claims, which they receive at the Department of Labor and Human Resources in Puerto Rico.

The new economic indicators section can be found at www.estadisticas.pr.gov and can be accessed directly at the following Internet address: https://cutt.ly/2uv06YI.

“We call on agencies and the private sector that work with updated data or statistics that impact the Puerto Rico economy, both agriculture, international trade, and goods and services industries (manufacturing, tourism, construction, finance, consumption, among others), to contact us so that we can continue to add economy-related indicators that serve as a reference for decision-making for the well-being of Puerto Rico,” said Ana Gabriela Jara Castro, Manager of Statistical Projects.

About the Institute of Statistics

The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access.

For more information you can visit the website www.estadisticas.pr.gov or surveys on the social networks of Facebook (@estadisticas .pr), Twitter (@EstadisticasPR) and LinkedIn (Institute of Statistics of Puerto Rico).

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Press Contacts:

Idia Martinez/787-603-3200/ imartinez@upfrontpr.net

Lourdes Burgos/787-562-2932/ lourdesburgos09@gmail.com

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PRESS RELEASE

Statistics Institute publishes fourth edition of the Creative Industries Report

The Report for the year 2018 reflects the decline in several indicators

San Juan, PR, January 12, 2021 — During the calendar year 2018, the number of people employed in Creative Industries was estimated at 22,172, with the media sector employing the most people, accounting for 47.5% of these. Overall, this meant a decrease of 1,217 jobs compared to 2017. This was revealed in the Creative Industries Report 2018, published by the Puerto Rico Institute of Statistics, and which presents social, economic and labor indicators for the development of creative industries in Puerto Rico. The sources used for this report correspond to the data sets of the U.S. Census Bureau, the U.S. Bureau of Labor Statistics, the U.S. Department of Education - National Center for Education Statistics And the U.S. Customs. Here are some of the most relevant findings:

1. The number of post-secondary graduates in areas related to the creative industries was 2,453 students (2,329 in 2017).
2. The microenterprise category characterizes 68% of creative industries because they are mostly companies that employed between 1 and 4 employees.
3. The number of establishments ranged from 1,731 to 1,943 (between 1,908 and 2,054 for 2017). The sector dedicated to the arts was the largest with 632 establishments.
4. In the distribution by sex, men occupied 63% of jobs.
5. Wages by industry fluctuated between $5,123 (theater companies) and $120,732 (software publishing).
6. Average salaries per occupation ranged from $17,780 for movie ushers to an average of $60,750 for software developers.
7. At the time of the study, Puerto Rico had a rate of 6.1 establishments dedicated to creative industries per 10,000 inhabitants (6.4 in 2017).
8. The trade balance of cultural industry activity was negative when imports exceeded exports by $189,475,346 (the negative balance in 2017 was $167,454,125).

“The creative industries were mostly comprised of companies that employed between 1 and 4 employees. The decline experienced in several of the indicators, such as the number of establishments and people employed in creative industries, may respond to the passage of Hurricane Maria through Puerto Rico in September 2017 and its effects on infrastructure, electrical energy and telecommunications services, whose consequences lasted for several months following the event. These circumstances greatly affected the most vulnerable commercial and industrial sectors,” said Francisco Pesante, Assistant for Statistical Projects at the Institute and author of the report.

See more details and information about the Creative Industries Report, as well as previous publications, in the Publications section of the Puerto Rico Institute of Statistics: Publications.

The Puerto Rico Statistics Institute is an autonomous governmental entity responsible for coordinating the Government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and have quick and universal access.

For more information you can visit our website: www.estadisticas.pr.gov. In addition, you can follow us on social networks through Facebook (@estadisticas .pr), Twitter (@EstadisticasPR) and LinkedIn (Institute of Statistics of Puerto Rico) accounts.

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Contact:

https://preguntas.estadisticas.pr/

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