Panama: Economy activity picks up steam in January
March 24, 2017
In January, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose from a 3.8% expansion in December to a stronger 5.0% rise, a six-month high. According to the National Comptroller’s Office (Contraloría General de la República), commerce, transportation, financial intermediation and warehousing and communications were the components that expanded at the fastest pace while agriculture was the only subcomponent that declined in the surveyed month.
On a month-on-month basis, growth in economic activity picked up from 0.2% in December to 0.4% in January. Meanwhile, annual average growth in economic activity edged up from 4.3% in December to 4.4% in January.