Panama Economic Activity

Panama

Panama: Economic activity slows at the outset of the year

March 25, 2013

In January, the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica) expanded 7.0% over the same month last year, which was below the 7.2% increase registered in December. According to the National Comptroller's Office, the expansion was mainly driven by growth in fishery, construction as well as in mining and quarrying.

On a month-on-month basis, economic activity increased 0.72% in seasonally adjusted terms in January, up from the 0.66% expansion observed in December.

As a result of the weaker annual expansion the trend points downwards in January, with annual average growth in economic activity falling from 9.4% in December to 9.0% in January.

FocusEconomics Consensus Forecast panellists see industrial production at 8.4% this year, which is unchanged from last month's forecast. For 2014, the panel sees industrial production growth rate decelerating to 5.5%.


Author:,

Sample Report

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

Download

Panama Economic Activity Chart


Panama Economic Activity January 2013

Note: Year-on-year changes and annual average variation of economic activity in %.
Source: National Comptroller


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