Panama: Economic activity slows in October
December 27, 2016
In October, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) dropped from the revised 4.8% expansion observed in September (previously reported: 4.1% year-on-year) to 3.7%. According to the National Comptroller’s Office (Contraloría General de la República), October’s print reflects growth in all components of the index except for manufacturing industries, fishing and communal activities. Commerce, transportation, warehousing and communications were the components that expanded at the fastest pace.
On a month-on-month basis, growth in economic activity slowed from 0.44% in September to 0.41% in October. Meanwhile, annual average growth in economic activity inched down from 4.4% in September to 4.3% in October.