Dominican Republic: Economic activity almost flatlines in October
Latest reading: Economic activity was up 0.2% in annual terms in October, following 1.1% growth in the previous month. October’s reading was the weakest since April 2023. Absent a detailed breakdown, the deterioration likely stemmed from labor shortages across the agricultural, construction and manufacturing sectors. Moreover, Hurricane Melissa hit the Dominican Republic in late October, further disrupting economic activity.
In month-on-month terms, economic activity flatlined in October, following a 0.7% drop in the prior month.