Panama Economic Activity January 2019

Panama

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. The sectors of commerce, manufacturing and agriculture also grew in the month, albeit at a softer pace than the above-mentioned.

On a month-on-month, seasonally-adjusted basis, growth in economic activity came flat in January, contrasting the 0.5% rise logged in December. Meanwhile, average annual growth in economic activity inched down from 3.2% in December to 3.1% in January.

FocusEconomics Consensus Forecast panelists see the economy growing 4.9% in 2019, which is down 0.1 percentage points from last month’s forecast. The panel expects GDP to expand 4.8% in 2020.


Author:, 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 January 2019 0

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: Consumer prices fall year-on-year in June

    July 15, 2019

    Consumer prices fell 0.3% over the prior month in June, contrasting the 0.1% increase recorded in May.

    Read more

  • Panama: Economic activity remains feeble in April

    June 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% year-on-year in April, down from March’s 3.0% and representing the worst print since July 2018. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in April came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water, gas and electricity supply; financial intermediation; construction; and public administration.

    Read more

  • Panama: Growth falters in Q1 on softer construction, shipping and financial services growth

    June 17, 2019

    According to data released by the National Comptroller’s Office, the economy lost traction in the first quarter of 2019, interrupting a growth rebound that had started two quarters prior.

    Read more

  • Panama: Consumer prices flatten in annual terms in May

    June 14, 2019

    Consumer prices rose 0.1% month-on-month in May, down from the 0.3% increase logged in April.

    Read more

  • 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

More news

Search form