In August, the economy expanded 6.9% over the same month last year, which was well below the revised 11.6% increase recorded in July (previously reported: +8.6% year-on-year), according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The monthly slowdown was mainly driven by slower growth in metal, chemicals, plastics and textile production. A month-on-month analysis corroborates the deceleration suggested by annual figures, as economic activity increased 0.47% in seasonally adjusted terms in August, down from the 0.70% expansion observed in July. As a result of the softer annual growth in August, the trend is now pointing downwards, with annual average growth in economic activity inching down from 9.8% in July to 9.7%. 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 slows markedly
October 25, 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 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.
August 25, 2016
In June, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) decelerated from May’s over-one-year high of 5.2% to 4.1%.