Dominican Republic: Economic Activity Grows at 4.8%.

During August 2019, the Monthly Economic Activity Index reported a 4.8% year-on-year increase, explained by the exploitation of mines and quarries and financial services.

Thursday, October 10, 2019

The monthly indicator of economic activity (IMAE) shows a 4.8% growth in August 2019, maintaining the accumulated average expansion of the period January-August 2019 at 4.7%, which reflects that the Dominican economy has reacted favorably to monetary easing measures implemented from June this year, as expected by the Central Bank, informed the monetary authority.

The statement explains that "... The results of the IMAE in August 2019 are mainly based on the increase experienced in the real added value of the following economic activities: Mining and Quarrying (12.4%), Financial Services (12.3%), Construction (8.7%), Other Service Activities (6.3%), Energy and Water (6.2%), Real Estate Activities (5.2%) and Agriculture (4.9%).

Particularly, it is worth noting that the expansion in the Construction activity of 12.3% in July and 8.7% in August has allowed more than offsetting the negative impact of the tourism sector on the growth of the IMAE, as a result of cancellations of reservations associated with the unfortunate media campaign that affected the country by the incidents that occurred to U.S. tourists in the first half of this year.

Indeed, it is estimated that the year-on-year expansion of the economy would have been around 5.5% in the months of July and August had there not been a contraction in the activity of Hotels, Bars and Restaurants in those months. This activity is expected to recover towards the end of the year, projec
ting an influx of non-resident passengers and tourism revenue around the levels of 2018."

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More on this topic

Construction Improves Economic Activity

December 2019

In October 2019, the Monthly Index of Economic Activity in the Dominican Republic reported a 5.2% year-on-year increase, explained by the construction and exploitation of mines and quarries.

The Monthly Indicator of Economic Activity (IMAE) shows for the second consecutive month a growth above the potential, recording a 5.2% year-on-year variation in October 2019 after having expanded by 5.1% in September, reported the Central Bank of the Dominican Republic (BCRD).

Honduras: Economic Activity Increases 4%

November 2018

Because of the economic activity reported in the financial sector and the manufacturing industry, during September the IMAE registered a variation of 4% with respect to the same month in 2017.

The original IMAE series, accumulated up to September 2018, shows that the national production of goods and services (in volume terms) increased 3.7% (5.4% in 2017), outcome observed in the last three months.

Nicaragua: Economic Activity Up 5% in 2017

February 2018

In December of last year, year-on-year growth of economic activity was 5.3%, explained for a fourth consecutive month by fishing and aquaculture activities, and agriculture.

From a report by the Central Bank of Nicaragua:

The BCN issued on February 16, 2018 the Monthly Index on Economic Activity (IMAE) report for the month of December 2017. The report shows that the IMAE grew by 5.3 percent in relation to December 2016, with an average annual variation, which in December coincides with the cumulative variation of 4.8 percent. [GRAFICA caption = "Click to interact with graph"]

Guatemala: Economic Activity Up 2.4%

July 2017

Exploitation of mines and quarries was responsible for most of the variation in the economic activity index in May of this year, registering a year-on-year increase of 2.4%.

From the monthly report by the Bank of Guatemala:

Economic activity measured by the IMAE estimate, in May 2017, showed growth of 2.4% (4.2% in May 2016). [GRAFICA caption = "Click to interact with graph"]

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