Panama Economic Activity September 2016

Panama

Panama: Economic activity picks up in September

November 25, 2016

In September, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose from the 3.9% expansion observed in August to a four-month high of 4.1% in September. According to the National Comptroller’s Office (Contraloría General de la República), water and electricity, mining and quarrying, construction, and transportation were the components that reported the strongest expansions. Conversely, manufacturing, commerce and fishing contracted.

On a month-on-month basis, growth in economic activity picked up from the 0.53% expansion observed in August to 0.83% in September, marking the highest reading since January 2013. Meanwhile, annual average growth in economic activity remained stable in September at the 4.1% reading observed in August.

FocusEconomics Consensus Forecast panelists project that the economy will grow 5.7% in 2016, which is unchanged from last month’s forecast. The panel expects GDP to expand 5.8% in 2017, which is also unchanged from last month’s projections.


Author: Jean-Philippe Pourcelot, Economist

Sample Report

Looking for forecasts related to Economic Activity in Panama? Download a sample report now.

Download

Panama Economic Activity Chart


Panama Economic Activity September 2016

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


Panama Economic News

  • Panama: Economic activity continues to gain steam in September

    November 16, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 3.4% in August to 3.4% in September, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to September came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce.

    Read more

  • Panama: Inflation ticks up in October

    November 16, 2018

    Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading.

    Read more

  • Panama: Economic activity picks up markedly in August

    October 17, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 2.0% in July to 3.4% in August, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to August came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; public administration; commerce; and financial intermediation.

    Read more

  • Panama: Inflation continues to decrease in September

    October 15, 2018

    Consumer prices were flat month-on-month in September, following the 0.1% month-on-month increase logged in August.

    Read more

  • Panama: Growth continues slowing to near decade-low in Q2, weighed on by construction strikes

    September 17, 2018

    According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy continued to lose steam in the second quarter of 2018.

    Read more

More news

Search form