The Ministry of Economy publishes a summary of economic indicators as on June 24, 2024

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The Ministry of Economy publishes a summary of economic indicators as on June 24, 2024

According to a release by the Macroeconomic Analysis Directorate of the Sub-Ministry of Economic and Social Analysis, as of June 21, WTI oil prices fell by 1.75%, trading at US$80.73 per barrel.

Santo Domingo, Dominican Republic (June 2024). As of June 24, 2024, the Ministry of Economy, Planning and Development publishes a summary of the most relevant information on key national and international economic indicators of the country.

A release by the Macroeconomic Analysis Directorate of the Sub-Ministry of Economic and Social Analysis indicated that as of June 21, the price of WTI oil decreased by 1.75% to USD 80.73 per barrel.

Similarly, mineral coal declined by 7.29% to settle at US$ 109.40 per metric tonne. Cocoa (6.28%), wheat (1.96%), coffee (1.61%), corn (1.08%) and soybean oil (0.07%) fell compared to the previous day, while soybeans (0.45%) fell.

In terms of metals, gold prices fell by 1.59% and nickel by 1.15% from the previous day.

As per the summary, for the week of June 22 to 28, 2024, except for an increase in kerosene, the prices of most major fuels across the country remained unchanged (LPG, regular petrol, premium petrol, optimized diesel and regular diesel). RD$ 5.74, avtur RD$ 5.55 and fuel oil RD$ 2.61.

As of June 21, the weighted average active interest rate was 16.38%, with a positive variance compared to the previous day’s 1.17 pp, and the weighted average passive interest rate was 10.07%, compared to a negative variance, 0.74 pp from the previous day.

He pointed out that till June 21, stock market indicators ended the week with heterogeneity in their prices compared to the previous day. In that respect, he described The Russell 2000 as registering a 0.43% increase and the Nasdaq down 1.09%.

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Also the DOW 30 posted a gain of 0.67% and the S&P 500 a loss of 0.31%.

As of June 24, the Dominican peso was the only reference currency to appreciate against the euro by 0.36% (62.13 RD$ / EUR), while other currencies showed depreciation, such as the Japanese yen. 0.54 % (0.37 RD$ / JPY), Canadian Dollar 0.06% (42.94 RD$ / CAD), Chinese Yuan 0.04% (8.10 RD$ / CNY) and US Dollar 0.03% (58.86 RD$ / USD) ), compared to the previous day. .

Data from the Economic Indicators Board as on June 24, 2024 is available in the data section on the website of the Ministry of Economy, Planning and Development.

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