Panama Economic Activity November 2016

Panama

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.

FocusEconomics Consensus Forecast panelists project that the economy will grow 5.7% in 2017, which is unchanged from last month’s forecast. The panel also expects GDP to also expand 5.7% in 2018.


Author: Jean-Philippe Pourcelot, Economist

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Panama Economic Activity November 2016 0

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: National Comptroller’s Office and FocusEconomics calculations.


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