During December of last year in the Dominican Republic, the Monthly Index of Manufacturing Activity did not register significant variations, when compared to the level reported at the end of 2018.
When comparing the level registered between November and December 2019, an 11% monthly increase is reported in the Monthly Index of Manufacturing Activity (IMAM), going from 53.1 to 58.7, according to figures from the Association of Industries of the Dominican Republic (AIRD).
In the third quarter of the year, the Business Climate Index dropped 8% with respect to what was reported from April to June 2019.
The Business Climate Index fell from 61.7 in April-June 2019 to 57.3 in July-September 2019. This decrease was because of a drop in the balance of opinion of businessmen on the Dominican economy, the international, the branch and the climate for investment, explains the report of the Association of Industries of the Dominican Republic (AIRD).
After the Dominican Republic's Monthly Manufacturing Activity Index recorded a 5% year-on-year decline in August, a new drop was reported in September, in this case of 8% with respect to the same month in 2018.
Regarding the inter-monthly variation, the report details that the Monthly Manufacturing Activity Index (IMAM), prepared by the Dominican RepublicIndustries Association (AIRD), decreased from 60.1 in August to 54 in September.
After July's Monthly Manufacturing Activity Index in the Dominican Republic registered a 12% year-on-year increase, August reported a 5% drop with respect to the same month in 2018.
Regarding the year-on-year variation, the report details that the Monthly Manufacturing Activity Index (IMAM), prepared by the Dominican RepublicIndustries Association (AIRD), decreased from 64.6 in July to 60.1 in August.
Explained by an increase in production and sales, in March the Monthly Manufacturing Activity Index in the Dominican Republic increased 9% with respect to the same month in 2018.
Data from the Association of Industries of the Dominican Republic (AIRD) indicate that the Monthly Manufacturing Activity Index (IMAM) increased from 55 in February to 60.7 in March, the highest performance during the third month since 2016.
Between the first month of 2017 and 2018 the Monthly Index of Manufacturing Activity grew by 12%, and the value registered in January 2018 is the highest in the last three years.
The Association of Industries of the Dominican Republic (AIRD) reported that the behavior of the index in January 2018, which was placed under the barrier of 50 "... can be considered cyclical if compared with the same period of time of previous years. In 2016 it went down to 38.3 (the historically lowest level of the whole indicator), in 2017 it stood at 40.2 and finally in 2018 at 45.1, falling again from 50.0+ in December to less than 50.0 in January."
Following the upward trend reported from October 2017 to December, the Monthly Index of Manufacturing Activity grew by 8% compared to the same month in 2016.
The Association of Industries of the Dominican Republic reported that the index "... remained for the third consecutive month over the barrier of 50.0, reaching 54.1 in the month of December 2017."
Eye makeup and hair products led exports of cosmetic products in the first ten months of 2017, which amounted to about $33 million.
Eye makeup, hair products, creams, lotions, powders, lipsticks and manicure and pedicure products are the main products that Dominican companies manufacture and export, mainly to the US market.
The monthly index of manufacturing activity of the union of Dominican industrialists fell in September 2017, mainly due to a decline in the activities of medium and large companies.
"...In an explanatory note to the report, the Association of Industries of the Dominican Republic (AIRD) says that when the index falls below the 50 point barrier it is considered a negative signal.They explained that based on the weighted value, a score below 50 points means that manufacturing activity is declining."
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