Decrease in Demand for Products Manufactured in the Dominican Republic

Santo Domingo.- Data from the Ministry of Economy, Planning and Development (Mepyd) reveal that the real value of demand for manufactured products in July was 107,473.5 million pesos, marking a year-on-year reduction of 3.9%. This indicator amounted to 770,802.3 million pesos for the year, a decrease of 1.5% compared to the previous year.

In July, local manufacturing operations and exports experienced reductions of 5.0% and 25.2% in real terms, respectively. However, real exports from free zones increased by 6.4% in that month. Manufacturing exports from free zones for the January-July period registered a reduction of 3.4% compared to the previous year, mainly due to a decline in jewelry and cigarette exports. Local manufacturing exports also had a significant impact, with a cumulative reduction of 12.3%, driven by lower exports of iron or steel rods and plastic tableware.

The producer price index (PPI) for goods reached a value of 159.9 in July, indicating a 1.9% accumulated growth, 6.7 percentage points lower than the previous year. The growth of PPI was influenced by various sectors, including food products, textiles, non-metallic mineral products, garments, electrical equipment, and chemicals.

Leave a Comment

Punta Cana Today, Real Estate Market News