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Panama Economic Activity May 2021

Panama: Economic activity grows at record pace in May

Economic activity rose 20.8% in year-on-year terms in May, which was above April’s 12.1% increase. The result marked the best on record. In detail, trade-related activity performed well, amid growth in the retail sub-sector. In addition, food manufacturing also grew, and the transportation, storage and communication sub-sector improved.

Meanwhile, the trend improved, with the annual average variation of economic activity coming in at minus 11.3% in May, up from April’s minus 15.6% reading.

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