Panama: Economy activity picks up steam in February
April 25, 2017
In February, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose from a 5.0% expansion in January to a stronger 5.5% rise, a seven-month high. According to the National Comptroller’s Office (Contraloría General de la República), commerce, transportation, warehousing and communication, and industry were the components that expanded at the fastest pace. In contrast, agriculture, fishing and domestic service were the components that declined in the surveyed month.
On a month-on-month basis, growth in economic activity picked up from 0.4% in January to 0.7% in February. Meanwhile, annual average growth in economic activity edged up from 5.0% in January to an almost two-year high of 5.2% in February.