Puerto Rico's bank reports slight drop in economic activity

Economic IndicatorsAssociated Press

Puerto Rico's Government Development Bank says indicators that measure the island's economic health have decreased slightly.

The bank says overall employment and electricity generation decreased in December compared with a year ago. Officials said gasoline consumption and cement sales were up slightly.

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The bank said in a statement late Friday that the economic activity index overall saw a 1.4 percent reduction in December compared with a year ago.

The U.S. territory has spent eight years in recession and is struggling to reduce a $73 billion public debt.