Skip to main content

Survey: Dominican consumer sentiment during the coronavirus crisis

Dominican consumers are exercising caution with their spending as many consumers experience a decline in income and savings.

In the Dominican Republic, uncertainty is the prevailing sentiment. Many consumers are experiencing a decline in income and savings and consequently expect to cut back on spending across categories, except for groceries and household supplies. Consumers expect to spend more time connecting virtually and working and have been adopting new digital activities such as video chat and online streaming. Most Dominican consumers believe that the impact of COVID-19 on their routines and finances will last for more than two months.

These exhibits are based on survey data collected in the Dominican Republic from May 1–4, 2020. Check back for regular updates on Dominican consumer sentiments, behaviors, income, spending, and expectations.

About the author(s)

Gerardo Bonilla is an associate partner in McKinsey’s Panama office; Antonio Novas Garcia is a partner in the Madrid office; and Claudia Zaroni is a specialist in the Sao Paulo office.

Related Articles