President of the New York Federal Reserve applauds the Institute's efforts
Increase participation rate with new methodology
The Puerto Rico Purchasing Managers Index (PMI) for the manufacturing sector was above the threshold, reaching a value of 54.4 in January 2019, with a difference of 7.1 percentage points, compared to the results of December 2018.
This product is intended to measure the short-term conditions of the manufacturing sector in Puerto Rico. The index is a composite of the subscripts for new orders, production, employment, deliveries to suppliers and inventories. For more information, visit the publication history at Puerto Rico Manufacturing - Purchasing Managers Index (PMI) And your Survey where you will see methodological aspects as well as an interactive graph.
Yesterday, the Supreme Court denied a motion calling for the resumption of the work of the Board of Directors of the Institute of Statistics of Puerto Rico. The decision of the Supreme Court confirms that the Institute can continue to carry out its work and functions, while the Court of Appeals hears the matter. It seems to us that this is a prudent decision in the face of the enormous fiscal and credibility challenges that Puerto Rico is facing.
The Institute's Board of Directors had been unable to meet for 7 months. It was able to meet this week after the judgment handed down by the Court of First Instance, in favor of the lawsuit filed by the Institute.
The restart of the work of the Institute's Board of Directors allows us to resume our quasi-legislative and quasi-judicial functions to guide a public policy of transparency and high-quality statistical processes.
##
Press Contact: Sandra Morales Blanes (787) 688-0401