Dominican Republic’s Q1 rebar output up 12% on construction demand
Rebar output in the Dominican Republic surged by 11.9% year-on-year in the first quarter of 2014, driven by increased activity in the construction sector.
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Production reached 113,900 tonnes, up from 101,800 tonnes in the same period a year ago, according to figures published by the country’s central bank.
Rebar output came to 404,100 tonnes for the whole of 2013, the bank said.
The construction industry in the Dominican Republic grew by 14.6% year-on-year in January-March 2014, mainly as a result of school and highway building projects.
The country’s gross domestic product (GDP) went up by 5.5% in the first quarter of 2014 compared with the corresponding period last year.