Panama: Economic activity accelerates in November
January 25, 2011
In November, economic activity expanded 9.5% over the same month the previous year, according to the IMAE (indice Mensual de Actividad Economica). The reading represents an improvement compared to the 5.7% increase registered in October. A month-on-month comparison corroborates the acceleration suggested by the annual data, as economic activity added 1.52% over the previous month in seasonally adjusted terms, up from the 0.38% rise recorded in October. As a result of the monthly improvement, the trend continues to point upwards, with the annual average growth in economic activity increasing from 5.3% in October to 6.0% in November, which represents the fastest pace since April 2009.