Panama Economic Activity

Panama

Panama: Economic activity slows markedly

October 25, 2012

In August, the economy expanded 6.9% over the same month last year, which was well below the revised 11.6% increase recorded in July (previously reported: +8.6% year-on-year), according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The monthly slowdown was mainly driven by slower growth in metal, chemicals, plastics and textile production. A month-on-month analysis corroborates the deceleration suggested by annual figures, as economic activity increased 0.47% in seasonally adjusted terms in August, down from the 0.70% expansion observed in July. As a result of the softer annual growth in August, the trend is now pointing downwards, with annual average growth in economic activity inching down from 9.8% in July to 9.7%. Growth in economic activity should remain strong going forward, fuelled by ongoing investment in a project that aims to double the capacity of the Panama Canal by 2014.


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 August 2012

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


Panama Economic News

  • Panama: Economic activity falters in March

    May 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.0% year-on-year in March, significantly weakening from February’s 3.7% print. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in March was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water and electricity supply; financial intermediation; and public administration.

    Read more

  • Panama: Economic activity slightly accelerates in February

    April 22, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.7% year-on-year in February, ticking up from January’s 3.6% print. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in February was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water and electricity supply; and hotels and restaurants.

    Read more

  • Panama: Consumer prices fall in annual terms for third consecutive month in March

    April 15, 2019

    Consumer prices rose 0.4% month-on-month in March, up from the 0.1% increase logged in February.

    Read more

  • Panama: Opposition PRD candidate likely to take power on pro-business, anti-corruption platform

    April 9, 2019

    The upcoming Panamanian general elections, scheduled to be held on 5 May, will likely see Laurentino Cortizo of the center-left opposition party PRD (Partido Revolucionario Democrático) win the race for the country’s executive office, ousting the ruling conservative Panameñista Party (PP) of incumbent President Juan Carlos Varela from power.

    Read more

  • Panama: Economic activity softens in January

    March 20, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) fell from 3.8% in December to 3.6% in January. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in January was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and hotels and restaurants.

    Read more

More news

Search form