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prima:Data reveals manufacturing activity in Puerto Rico shrunk 8.6 points in June

Puerto Rico Manufacturers Association (PRMA) president, Eric Santiago, said the PMI result “is worrisome,” since June is not usually a month of contraction

August 8, 2024 - 5:11 PM

Eric Santiago, president of the Industrial Association, noted that using data from the Institute of Statistics during the first half of the year, manufacturing jobs contracted from 117,000 to 99,000 workers. (Josian Bruno/GFR MEDIA)

After reaching its greatest expansion last May, the Purchasing Managers’ Index (PMI) for the manufacturing sector contracted 8.6 points last June, obtaining 47.3 points, which represents a decline in the activity of Puerto Rico’s main economic sector.

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