Panama Economic Activity January 2017

Panama

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.

FocusEconomics Consensus Forecast panelists project that the economy will grow 5.7% in 2017, which is unchanged from last month’s forecast. The panel also expects GDP to expand 5.7% in 2018.


Author: Jean-Philippe Pourcelot, Economist

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Panama Economic Activity January 2017

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: National Comptroller’s Office and FocusEconomics calculations.


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