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With high inflation in construction materials and the increase in financing costs for housing developers, investment channeled into works to build houses and apartments had its steepest drop in almost three years. On Friday, February 2, the National Institute of Statistics and Geography (Inegi) announced that gross fixed investment in residential construction fell 5.9% in
The first and only english language online news publication in the Dominican Republic. Providing local and international news, DR guides and access to real estate and car portals. Your most up to date source for info on the Dominican Republic.
The Monthly CPI Indicator rose 0.6% (5.2%yr) in August, above the 0.3% (4.9%yr) print in July but still broadly in line with a trend deceleration since the peak of 8.4%yr in December 2022. While the print for headline inflation was in line with Westpac’s forecast, the component detail provided some surprises. Inflation in the housing segment was much weaker than anticipated – up 0.1% (6.6%yr) – driven by a fall in electricity prices (–1.3%mth) associated with the Energy Bill Relief Fund rebates in Melbourne. There were some key upside surprises too, including a 9.1% lift in fuel, a 1.3...
The first and only english language online news publication in the Dominican Republic. Providing local and international news, DR guides and access to real estate and car portals. Your most up to date source for info on the Dominican Republic.
The first and only english language online news publication in the Dominican Republic. Providing local and international news, DR guides and access to real estate and car portals. Your most up to date source for info on the Dominican Republic.