Panama: Economic expansion continues for a third consecutive month
November 24, 2010
In September, economic activity grew 8.1% over the same month last year, according to the IMAE (indice Mensual de Actividad Economica). The reading represents an improvement compared to the 6.6% expansion registered in August (previously reported: +6.4% year-on-year). A month-on-month comparison corroborates the acceleration suggested by the annual data, as economic activity added 0.48% over the previous month in seasonally adjusted terms, slightly up from the 0.47% rise registered in August. As a result of the monthly improvement, the trend continued to point upwards, with annual average growth in economic activity increasing from 4.0% in August to 4.7% in September, which represents the fastest pace witnessed in more than a year.