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Cement sales fell by 12.7% y/y in Puerto Rico in February 2014

World Cement,

According to the Government Development Bank (GDB) of Puerto Rico, approximately 1.27 million bags of cement were sold in February 2014. This is 12.7% lower than in February 2013. The number of bags of cement sold in FY14 YTD (July 2013 – February 2014) also declined y/y, down 15.6% compared to the corresponding period in 2013.

Economic activity contracted in Puerto Rico in February. GDB-EAI fell by 2.4% y/y in February 2014 alone and by 3.8% y/y in the first eight months of the fiscal year. The GDB-EAI is comprised of four indicators: cement sales, electric power generation, gas consumption and total payroll employment. Electric power generation dropped by 2.2% y/y to 1528 million kWh in February, while preliminary figures suggest that consumption of gasoline declined by some 6.4% y/y to 80.5 million gallons.

Adapted from press release by

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