The Monthly Index of Manufacturing Activity (IMAM) of the Association of Industries of the Dominican Republic (AIRD) fell in December compared to November 2021.
It went from 61.6 points to 61.1, but showed increases in the variables of Sales Volume, Production Volume and Supplier Delivery Time.
The IMAM remained above the threshold of 50.0 points throughout the past year 2021. This Index is a portrait of the manufacturing activity of one month in relation to the previous one. It is specified that when the IMAM is below the threshold of 50 points, it reflects that the economic conditions and prospects of the manufacturing sector are considered unfavorable. Above 50.0, the outlook is favorable.
The IMAM is presented with an adjustment for seasonality and weighted in its five variables and as a general index, which allows for a more reliable approximation by taking into account the recurring and therefore predictable fluctuations that occur in a period within a year, which tends to affect the measurement of results. Seasonality can occur in the food harvest seasons, in the Christmas periods, in the summer, at the start of school classes, among others. The IMAM, being a monthly indicator, is subject to this seasonality component.
