According to a report from the Comptroller of the Republic, most economic activities experienced growth in the first half of the year.
The most positive signal was the 20.8% increase in the value of real estate construction and repairs permits. This was mainly focused on non-residential projects, which grew 112%, whereas residential projects had a 4% reduction.
"In the manufacturing industry, beef livestock slaughtering grew 9.6%, poultry production rose 4.9%, and alcoholic beverages 7.1%", highlighted Laestrella.com.pa.
On the other hand, the auto industry was the worst performing, with a reduction of 28.3% in sales.
The growth of the Panamanian economy is sustained and is approaching figures prior to the 2008 global crisis.
The Social and Economic Report - April 2011 by the Ministry of Finance states that up to April, 2011 Panama grew by 9.8%, which compared with figures for the same period in previous years, indicates that the recovery is sustained.
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