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