Panama: Economic activity in August edges up from July's seven-month low
October 25, 2016
In August, the monthly indicator for Panamanian economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from July’s seven-month low of 3.0% to 3.9%. According to the National Comptroller’s Office (Contraloría General de la República), mining and quarrying, construction and transportation were the components that reported the strongest expansions while manufacturing, commerce and fishing contracted.
On a month-on-month basis, growth in economic activity picked up from the 0.32% expansion observed in July to 0.53% in August. Meanwhile, annual average growth in economic activity remained stable in August at the 4.1% reading observed in July.