Panama: Economic activity gathers pace in November
January 25, 2017
In November, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose from a 3.7% expansion in October to a stronger 4.6% rise. According to the National Comptroller’s Office (Contraloría General de la República), November’s print reflects growth in all components of the index except for manufacturing industries, fishing and communal activities. Commerce, transportation, financial intermediation and warehousing and communications were the components that expanded at the fastest pace.
On a month-on-month basis, growth in economic activity slowed from 0.65% in October to 0.33% in November. Meanwhile, annual average growth in economic activity stayed put in November at the 4.3% expansion observed in the previous month.