Manufacturing Index increases to 53 in February

The Monthly Index of Manufacturing Activity (IMAM) increased 3.5, going from 49.8 in January to 53.3 in February of this year, which according to the Industry Association of the Dominican Republic (AIRD) reflects a rebound in economic activity in the sector.

According to the results of the Index, sales reached 51.7 and production 53.2, results that are considered positive.

The employment variable registered a score of 48.5, the inventory of raw materials a 54.1 and the supplier delivery period a 47.1.

The AIRD specified in a note 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 “not favorable”. Above 50.0, the outlook is favourable.

The IMAM is an adaptation of the Purchasing Managers’ Index (PMI in English) to the reality of the Dominican manufacturing sector, constituting a portrait of its activity for one month in relation to the previous one.

This study is made up of five variables: sales, production, jobs, inventories and delivery times.

Perspective

The report shared by the AIRD states that the performance of the IMAM has been in line with economic cycles, and the behavior of macroeconomic indicators that measure the country’s economic activity and that in its trend it can be seen that the slowdown in the manufacturing sector is evident at from the second quarter of 2022, which is consistent with the official macro indicators of the sector.

Read Also:  US Senate approves TikTok ban

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here