Dominican Republic: Economic activity loses momentum in December
Latest reading: Economic activity rose 2.3% in annual terms in December, following 3.2% growth in the previous month. Absent a detailed breakdown, stronger growth in tourist arrivals and remittances inflows compared to November should have supported the services sector and economic momentum in turn. Meanwhile, construction and manufacturing were likely subdued, partly on persistent labor shortages.
On a month-on-month basis, economic activity declined 0.4% in December, following 1.8% growth in the previous month.