This index is composed of four variables: number of non-agricultural salaried jobs, amount of electricity consumption, cement sales (volume), and volume of gasoline that pays taxes (gasoline consumption). Note that all variables are quantities, not monetary. The component series of the index are adjusted for seasonality, and their respective growth rates are adjusted for volatility, before composing the index.
This monthly report features a commentary on the Economic Development Bank's Economic Activity Index (EDB-EAI), a coincident index for the economy of Puerto Rico. The EDB-EAI is a valuable tool that summarizes the behavior of four major monthly economic indicators: total non-farm payroll employment, cement sales, gasoline consumption, and electric power generation.
Summarize the monthly behavior of economic activity.