During October, in the Dominican Republic the Monthly Manufacturing Activity Index registered a 15% increase with respect to the previous month, variation that is explained by a greater volume of sales and production.
The Monthly Manufacturing Activity Index (IMAM) of the Association of Industries of the Dominican Republic (AIRD) rose from 54.1 in September 2019 to 62.3 in October, showing an upward trend, after two consecutive months of decline, says the union report.
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.
While a group of manufacturing companies decided to reduce their operations in Costa Rica, arguing that local production costs are high, another group of companies in the sector decided to increase their investments.
According to the most recent official data, during August 2019 the growth of economic activity in the manufacturing sector was 2.5%, explained by increased external demand for products from special regimes companies, particularly medical implements and steel products such as bars and sheets. This contrasts with the decline in manufacturing activities for the domestic market. See report of the Central Bank of Costa Rica.
Between 2017 and 2018, the Added Value of Production of the Maquila industry in the country increased by 8.2%, and by 2019 the increase is expected to be 7%.
The Gross Added Value (GVA) of the maquila registered in 2018 an amount of $1.452 million, $110 million higher than the previous year, informed the Central Bank of Honduras (BCH).
The decline in the production of food products and beverages, influenced that during the first half of 2019 in Panama reported a 4.6% year-on-year fall in the production volume of manufacturing companies.
The behavior of the manufacturing industries, observed through their global integrated indices of volume, prices and value presented, for the first semester of 2019, compared with the same period of the previous year, decreases in the order of 4.6%, 0.5% and 5.0% respectively, informed the General Comptroller's Office of the Republic.
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.
After several months of being on the decline, in July the Monthly Manufacturing Activity Index registered a year-on-year increase of 12%, explained by the increase in sales volume.
The Monthly Manufacturing Activity Index (IMAM) of the Association of Industries of the Dominican Republic (AIRD) rose from 53.2 in June to 64.6 in July 2019, showing a very favorable trend and positive expectations in the conjuncture, informed the guild.
Searching for home furnishings, accessories, clothing and gifts, more than 150 local and international buyers will participate in the New World Crafts Fair, to be held in Antigua on September 24 and 25.
From the Agexport statement:
AGEXPORT's Handmade Commission prepares for the 12th. Edition of the New World Crafts Fair (NWC), the most important marketing platform for handmade products from Guatemala in the region and one of the main in Latin America, which will take place on September 24 and 25, 2019 at the Hotel Casa Santo Domingo, Antigua Guatemala.
Because of the drop in sales and production volume, in June the Monthly Manufacturing Activity Index in the Dominican Republic decreased 9% with respect to May of this year.
The Monthly Manufacturing Activity Index (IMAM) of the Association of Industries of the Dominican Republic (AIRD) fell from 58.3 in May to 53 in June. Out of the five variables composing the index, the two with the highest weight experienced a decrease with respect to the previous month, explains a guild report.
High operating costs and the contraction of internal consumption are some of the reasons why in Costa Rica manufacturing companies under definitive regime report a decrease in their production, a situation that contrasts with the dynamism of companies in free trade zones.
Because of the drop in the inventory of raw materials and the behavior of the delivery terms taken by suppliers, in May the Monthly Manufacturing Activity Index in the Dominican Republic dropped 5% with respect to the same month in 2018.
Regarding the inter-monthly variation, the Monthly Manufacturing Activity Index (IMAM) of the Dominican RepublicIndustries Association (AIRD) rose from 56.6 in April to 58.9 in May 2019. Out of the five variables that make up the index, the two with the highest weight experienced an increase with respect to the previous month.
During the first quarter of 2019, of the total number of companies surveyed in the manufacturing sector, 24% stated that their level of production increased, while 44% indicated that no changes were made.
The "Quarterly Survey of Business Opinion to the Manufacturing Sector", prepared by the Central Bank of the Dominican Republic, states that 33% of companies assured that their production level was lower than the previous quarter.
Because of the drop in production and sales, in April the Monthly Manufacturing Activity Index in the Dominican Republic dropped 10% with respect to the same month in 2018.
The Monthly Manufacturing Activity Index (IMAM) of the Association of Industries of the Dominican Republic (AIRD) fell from 60.7 in March to 56.0 in April, according to the sector guild.
In Costa Rica, Thermo Fisher Scientific opened a new 1,400 square meter distribution center in Coyol Free Zone, Alajuela.
This investment represents the third expansion of the company in the country in 7 years, and with its new distribution center Thermo Fisher increased its installed capacity by 52%, reported the Costa Rican Coalition of Development Initiatives.
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.
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