In October, the economy expanded 9.0% over the same month last year, which was slightly above the 8.8% increase recorded in September, according to the monthly indicator of economic activity (IMAE, indice Mensual de Actividad Economica). The construction and transportation sectors were the biggest drivers behind the expansion. On a monthly basis, economic activity increased 0.63% in seasonally adjusted terms, which exceeded September's 0.46% rise (previously reported: +0.45% month-on-month). Annual average growth in economic activity ticked up from 8.7% in September to 9.1% in October, continuing the upward trend. 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 gains momentum in October
December 23, 2011
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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.