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June 11, 2022
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Agricultural activity contracted due to low production

Agricultural activity contracted due to low production

The agricultural activity in the Dominican Republic last April it contracted as a result of the reduction in livestock production, specifically in milk products and beef.

According to the monthly Sectorial Panorama report, published by the Ministry of Economy, Planning and Developmentcorresponding to last April, for the second consecutive month there was a decrease in exports corresponding to tariff code 1801: Cocoa beans, whole or broken, raw or roasted.

Meanwhile, the manufacturing sector continues to exhibit favorable conditions with the expansion of manufacturing and free zone exports, and total construction sales. However, the Producer Price Index (IPP) and the Direct Costs of Housing Construction Index (ICDV) continued to reflect price increases in the manufacturing, services and construction sectors.

Tourism

The report’s data also indicates that, last April, 35.8% of foreigners who visited the country were Americans, despite a monthly reduction of 12.4 thousand tourists from that country.

Thus, the most marked decreases after the Americans were Canadians (-4,276), Germans (-4,045) and Poles (-3,458), among others.

Meanwhile, this sector continued its dynamism by registering 513.2 thousand non-resident foreigners, equivalent to 287.4 thousand additional tourists compared to April 2021.

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Transportation

The data provided by the report also estimates that in April of this year in the transport sector, a monthly decrease of 12.1% was observed in the flow of Metro passengers, despite the closure of some stations on line 1 due to construction work. made for expansion. Meanwhile, in interannual terms, an increase of 32.4% was registered.

In addition, the freight land transport mobility index registered a low monthly decrease of 9.0% and year-on-year of 0.9%.

Manufacture

In the manufacturing sector, the monthly index of manufacturing activity stood at 56.9, for a monthly decrease of 6.8 points due to the reduction of 19.9 points in the volume of production and 17.4 points in sales.

Meanwhile, the data presented in the report specify that loans directed to the sector in real terms reached 99.0 billion pesos, for a year-on-year increase of 7.2%, caused by the increase in loans in foreign currency (23.4%). and in national currency (2.8%).

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