Puerto Rico Exhibits Signs Of Stabilization

Puerto Rico’s November economics data reveals early signs of stabilization of the Commonwealth’s economy, according to an industry report from Sterne Agee.

Todd L. Hagerman and Robert Greene of Sterne Agee point out for the first time since November 2012, the Puerto Rico’s EAI posted its third consecutive positive month-over-month growth rate.

Month/month encouraging, year/year challenging

Sterne Agee analysts point out that while the Commonwealth’s economy remains weak and the Economic Activity Index remains down from a year ago, the relative stability in Puerto Rico’s economic indicators in recent months should help to allay fears of an accelerating decline in the...