Dominican Republic

Dominican Republic Economic Activity January 2023

Dominican Republic: Economic activity records softest expansion in two years in January

Economic activity grew 0.4% compared to the same month of the previous year in January, which was a deterioration from December’s 3.3% increase. The outturn marked the weakest reading in two years.

Consequently, the trend pointed down, with the annual average growth of economic activity coming in at 4.4%, down from December’s 4.9% reading.

Lastly, on a seasonally adjusted month-on-month basis, activity declined 3.3% in January, below the prior month’s 0.2% increase. January’s contraction was the sharpest since April 2020.

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