Dominican Republic: Economic activity decelerates in July
September 10, 2014
In July, economic activity increased 5.2% 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 6.9% rise observed in June and marked the slowest growth rate in a year.
Nevertheless, the trend improved in July, with annual average growth in economic activity rising from 7.0% in June to 7.2%, thus reaching the highest value since March 2011.
Author: Dirina Mançellari, Senior Economist