At right is the Puerto Economic Development Bank’s Economic Activity Index (EAI) and its constituent series: total non-farm payroll employment, cement sales, gasoline consumption, and electric power generation.
All individual series were rebased to equal 100 in July 2017.
The series are not updated at the same time. For instance cement and auto take longer to update. In these instances - the missing series are interpolated via STL Decomposition.
The Economic Activity Index is a coincident index.
The EAI forecast provided is ours. It is derived from an ARIMA model fit on the EAI series and projected 36 months into the future.
All data is from the Banco de Desarrollo Economico, Puerto Rico Economic Data: www.bde.pr.gov/bdesite/PRED
Forecast is by PR Nowcasting Laboratory