Panama: Economic Activity Grows 6.5% up to May 2017
Source: centralamerica data
From a report by the Comptroller General of the
The Monthly Index of Economic Activity (IMAE) in the Republic, for the period January - May 2017, grew by 6.49%, compared to the same period in 2016.
The categories of economic activity that performed well were: construction, mining and quarrying, transport, storage and communications, electricity and water, public administration, manufacturing industries, community activities and trade. The rest of the categories showed a favorable incidence, but at a lower rate, with the exception of fishing, agriculture and health, which registered a decrease.
The monthly variation of May 2017, compared to 2016, was 7.48%.
Commercial activities registered an increase, explained by demand from local wholesale trade and of the Colon Free Zone.