May 31, 2016
In April, economic activity increased 7.8% over the same month of last year, according to an estimate of the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was above the 7.4% increase observed in March.
Annual average growth in economic activity stabilized in April at March’s 6.9%.
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January 9, 2020
Consumer prices rose 0.20% in December over the prior month, down from November’s 0.37% rise.
December 30, 2019
The economy expanded 5.5% in November according to Central bank data, up slightly from October’s 5.2% expansion, with the economy continuing to benefit from significant monetary stimulus earlier in 2019—which has fed through to faster credit growth. November’s expansion was driven by construction, financial services, and manufacturing in free trade zones, although weak tourist arrivals hurt the hotels, bars and restaurants sector, restraining the overall expansion somewhat. Turning to 2020, our panelists expect growth to ebb slightly on slower momentum in the U.S., the Dominican Republic’s key trading partner.
December 27, 2019
At its 27 December monetary policy meeting, the Central Bank (BCRD) left the policy rate unchanged at 4.50% for the fourth straight month, following 100 basis points of easing in June–August to boost economic activity.
December 11, 2019
Consumer prices rose 0.37% in November over the prior month, down from October’s 0.67% increase.
November 30, 2019
The economy expanded 5.2% in October according to Central bank data, up slightly from September’s 5.1% growth. While a breakdown by sectors is unavailable, the Central Bank’s recent monetary easing—in the form of 100 basis points of rate cuts since June and a DOP 34 billion liquidity injection—supported credit provision and was likely an important driver behind October’s reading. Looking ahead, monetary stimulus measures should continue to feed through to the economy in coming months, aiding consumption and investment.
