Dominican Republic: Economic activity decelerates in August
Latest reading: Economic activity was up 1.5% on a year-on-year basis in August, following 2.9% growth in the prior month. Absent a detailed breakdown, the moderation likely stemmed from ramped up deportations of Haitian workers, which have sparked labor shortages across the agricultural, construction and manufacturing sectors so far this year. Moreover, slowing growth in tourist arrivals and remittances will have weighed on the services sector.
On a month-on-month basis, economic activity was down 0.8% in August, following a 1.8% rise in the prior month.