Dominican Republic: Economic activity decelerates in August
October 9, 2014
In August, economic activity increased 5.6% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was a deterioration over the 6.0% rise observed in July and marked the slowest growth rate in over a year.
Nevertheless, the trend improved in August, with annual average growth in economic activity inching up from 6.5% in July to 6.6%, thus reaching the highest value since April 2011.
Author: Dirina Mançellari, Senior Economist