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prima:Significant drop in manufacturing activity on the island

Manufacturers in Puerto Rico have barely two weeks’ worth of inventory, a situation that could become more complicated due to the ILA strike at several U.S. ports

October 3, 2024 - 3:13 PM

The president of the Puerto Rico Manufacturers Association, Eric Santiago, pointed out that when calculating the average PMI between June and August, the score falls below 50 points, and a reading below that threshold indicates a contraction in the sector. (Josian Bruno/GFR MEDIA)

Fewer new orders, lower production, and reduced inventories, this was the scenario reflected in Puerto Rico’s manufacturing sector last August, when a significant contraction of 11.8 points was reported, bringing the Purchasing Managers’ Index (PMI) down to 43.5 points.

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