The Central Bank reports that a study of the bank’s preliminary data has allowed for a revision of the 7.1% growth in GDP in 2014 to 7.3%. Growth rates by sector were as follows: farming (4.4%), mining (20.3%), local manufacturing (5.5%), construction (13.8%), energy and water (4.7%), commerce (4.9%), hotels, bars and restaurants (7.5%), transport and warehousing (6%), communications (5.2%), financial services (9.1%), education (8.4%) and health (7.6%), for a combined 70%. <\/p>\n
The Central Bank says that the additional 0.2% comes from construction that was originally estimated to have value added growth of 11.4% for January-December. This has been revised to 13.8%. <\/p>\n
The growth of the sector has been attributed to an increase in steel rebar sales from 15.1% to 17.6%, and in loans. <\/p>\n
Likewise, commerce had initially showed a growth rate of 4.7% and this was revised to 4.9%, a 0.5% increase in 2013. <\/p>\n
The revised financial sector data showed that growth was 9.1% instead of the preliminary figure of 8.6%. <\/p>\n
http:\/\/www.bancentral.gov.do\/noticias\/pag_abierta\/archivos\/bc2015-02-15.pdf<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank reports that a study of the bank’s preliminary data has allowed for a revision of the 7.1% growth in GDP in 2014 to 7.3%. Growth rates by sector were as follows: farming (4.4%), mining (20.3%), local manufacturing (5.5%), construction (13.8%), energy and water (4.7%), commerce (4.9%), hotels, bars and restaurants (7.5%), transport … <\/p>\n