Construction in Panama slows down
In the last few months there has been a drop in the value of construction permits, although the year's accumulated total is still positive.
Tuesday, December 9, 2008
The value of the construction permits approved in September 2008 totaled $118.5 million, $63.9 million or 35% less than for the same month the previous year, according to the Main Monthly Economic Indicators from the Office of the Comptroller General of the Republic.
During 2011 the total value of approved permits for building was $1.029 billion, 20.9% less than during 2010, when it was $1.329 billion.
The sector experienced a decline of 20% last year compared to 2010.
In the first seven months of the year the value of approved construction projects amounted to $918 million, 45.3% more than in the same period last year.
Between January and July the value of approved constructions fell by 14% compared to the same period in 2010.
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