Ministry of Economy publishes summary of economic indicators as of July 1, 2024

Ministry of Economy publishes summary of economic indicators as of July 1, 2024
Ministry of Economy publishes summary of economic indicators as of July 1, 2024

The publication of the Macroeconomic Analysis Directorate of the Vice Ministry of Economic and Social Analysis highlights that, as of June 28, the price of WTI oil decreased by 0.24%, to trade at US$ 81.54 per barrel.

Santo Domingo, Dominican Republic (July 2024). The Ministry of Economy, Planning and Development publishes a summary of the most relevant information regarding the main national and international economic indicators of interest to the country as of July 1, 2024.

The publication of the Macroeconomic Analysis Directorate of the Vice Ministry of Economic and Social Analysis highlights that, as of June 28, the price of WTI oil decreased by 0.24%, to US$81.54 per barrel, while coal expanded by 1.07%, to US$109.66 per metric ton.

He points out that cocoa (4.49%), soybean oil (0.64%) and coffee (0.31%) increased in price, while corn (3.99%), wheat (1.12%) and soybeans (0.15%) decreased compared to the previous day.

Regarding metal prices, the report indicates that the price of gold expanded by 0.14%, as did nickel by 1.10%, compared to the previous day.

According to the summary, in the week of June 29 to July 5, 2024, the prices of most of the main fuels nationwide remained unchanged (LPG, regular gasoline, premium gasoline, optimal diesel and regular diesel), except for an increase in kerosene of RD$ 2.36, avtur by RD$ 2.27 and fuel oil by RD$ 1.57, compared to their prices during the previous week.

The publication indicates that, as of June 26, the weighted average active interest rate was 15.34%, with a negative variation with respect to the previous day of 1.36 pp, and the weighted average passive interest rate was 10.58%, with a negative variation with respect to the previous day of 0.55 pp.

He points out that, as of June 28, stock market indicators closed the week with heterogeneous variations in their prices compared to the previous day.

The RUSSELL 2000 index increased by 0.46% and the NASDAQ decreased by 0.71%. The DOW 30 index decreased by 0.12% and the S&P 500 by 0.41%.

The report adds that, as of June 28, it was observed that only one reference currency gained value in relation to the Dominican peso, compared to the previous day, which was the Japanese yen by 0.14%, to trade at 0.37 RD$ per JPY. While the other currencies depreciated, such is the case of the euro by 0.12%, with a quote of 63.05 RD$ per EUR; the Canadian dollar by 0.08%, to trade at 43.02 RD$ per CAD; the Chinese yuan by 0.07%, with a quote of 8.11 RD$ per CNY; and the US dollar by 0.04%, to trade at 58.89 RD$ per USD.

Data obtained from the Economic Indicators Dashboard as of July 1, 2024, available in the Data section of the Ministry of Economy, Planning and Development website.

 
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