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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

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This content was published more than 2 months ago.
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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