Industry: Improves Business Confidence

In the first quarter of the year, the Industrial Confidence Index in the Dominican Republic improved slightly compared to the period from October to December 2018.

Tuesday, May 14, 2019

The Industrial Confidence Index (ICI) rose slightly from 57.1 in the fourth quarter of 2018 (October-December) to 57.9 in the first quarter of 2019 (January-March). This implies an increase in confidence to increase industrial production in the near future, reported the Association of Industries of the Dominican Republic (AIRD).

The report explains that "... For the first quarter 2019 the increase in real production was below the expectations reflected in the survey for the fourth quarter of 2018. While expectations up to December 2018 stood at 22.3, the actual production report was at 0.0.

The balance of opinion was positively at 19.4 compared to the same period last year. The production expectations for the second quarter of 2019 (April-June) is 44.4, which implies a possible growth of the same.

The percentage of companies exporting increased in the first quarter of 2019 from 65% (October-December 2018) to 70%. (January-March 2019). As seen in Chart No. 5, by segmenting the companies that exported.

See full report.

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During the second quarter of the year in the Dominican Republic, the Business Climate Index decreased 4% compared to what was reported from January to March 2019.

The Business Climate Index dropped from 64.5 in January-March 2019 to 61.7 in April-June 2019. This decrease was because of a drop in the opinion of businessmen in the Dominican economy, in the branch, climate for investment and in their company, explains the report of the Association of Industries of the Dominican Republic (AIRD).

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The Dominican Republic: Industrial Confidence Decreases

November 2017

The confidence index of the trade union of Dominican industrialists fell again at the end of September, accumulating two consecutive quarters of decreases.

From the Industrial Confidence Index at the Association of Industrialists of the Dominican Republic:

The Industrial Confidence Index (ICI) continued its downward trend for a second consecutive quarter, going from 57.8 in the first quarter of 2017 to 54.7 in the second quarter (April-June 2017) and 50.5 in the third quarter of this year. (July-September 2017), which implies that confidence over increasing production in the near future continues to reduce. In addition, this performance is also below the performance seen in the same period in 2016, when it stood at 54.1.

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