In May, the economy expanded 8.7% over the same month last year, which was above the 8.4% increase recorded in April (previously reported: +7.8% year-on-year), according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). Gains in the construction as well as in the transport sectors were the biggest drivers behind the monthly expansion. A month-on-month analysis, however, does not corroborate the acceleration suggested by annual figures, as economic activity increased 0.50% in seasonally adjusted terms in May, which was down from April's 1.67% expansion. Despite the faster annual growth recorded in May, the trend deteriorated slightly, with annual average growth in economic activity falling from 8.8% in April to 8.6%. Growth in economic activity should remain strong going forward, fuelled by ongoing investment in a project that aims to double the capacity of the Panama Canal by 2014.
Panama Economic Activity
Economic activity accelerates in May
July 26, 2012
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Panama Economic Activity Chart
Note: Year-on-year changes and annual average variation of economic activity in %.
Source: National Comptroller
Panama Economic News
October 25, 2016
In August, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from July’s seven-month low of 3.0% to 3.9%.
October 13, 2016
Consumer prices in a month-on-month comparison increased 0.2% in September after a flat reading in August.
September 27, 2016
In July, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) decelerated from 4.1% in June to a seven-month low of 3.0% in July.
September 16, 2016
The Panamanian economy gained traction in the second quarter of the year.
September 13, 2016
In August, consumer prices were flat, down from July’s 0.10% print.