Dominican Republic

Dominican Republic Economic Activity November 2022

Dominican Republic: Economic activity growth drops to over one-year low in November

Economic activity rose 2.9% compared to the same month of the previous year in November, which was a deterioration from Octobers 3.8% annual expansion. November’s result marked the weakest reading since February 2021.

Accordingly, the trend deteriorated; annual average economic activity growth fell to 5.5% in November (October: +6.3%), which marked an over one-year low.

Lastly, on a seasonally adjusted month-on-month basis, activity bounced back and expanded 1.5% in November, which contrasted the prior months 0.4% decline

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