In January, the economy expanded 7.7% over the same month last year, which was below the 10.2% increase recorded in December, according to the monthly indicator for economic activity (IMAE, indice Mensual de Actividad Economica). The transportation, storage and communication and construction sectors were the biggest drivers behind the expansion. A month-on-month analysis, however, does not corroborate the slowdown suggested by annual figures, as economic activity increased 0.89% in seasonally adjusted terms, which nearly tripled December's 0.32% rise. As a result of the slower growth in January, annual average growth in economic activity inched down from 9.6% in December to 9.5%, thus ending the upward trend in place since April 2011. 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 moderates at the start of the year
March 26, 2012
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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.