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Dominican Republic: Economic activity growth gains momentum in May
Latest reading: Economic activity grew 3.2% compared to the same month a year earlier in May, which was above April’s 1.7% increase. According to preliminary data, the improvement was driven by stronger growth in the manufacturing sector and a rebound in mining activity. That said, the agricultural and services sector lost some steam.
Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at a one-year low of 3.8% in May, down from April’s 3.9% reading. On seasonally adjusted month-on-month basis, economic activity rose 1.0% in May, which was better than April’s 0.3% expansion.
