This comes from data put together in a report by the Comptroller General of the Republic.
PA-digital.com.pa collected statements by Iviett Serrano Vergara, Coordinator of Corporate Affairs for Cemento Panama: "Construction activity will maintain a positive balance during 2009. With these results, there seems to be a positive outlook for the first half of the year and a much more conservative outlook for the second half of the year. It is possible that growth will not reach double digits."
One of the main indicators of the construction industry reveals the intense dynamic being maintained in this sector in Panama.
According to the Controller General of the Republic, an increase of 20.9% was reported in the production of concrete in the first quarter, as a result of strong performance by the construction industry.
However, in the last third of the year, the value of approved constructions suffered and fell 20.1% over the same period in 2007.
At the end of 2008, the value of approved constructions and repairs was $1.601 billion vs. $1.348 billion in 2007.
Roberto González wrote in Prensa.com: "The indicators closed 2008 with double digit growth thanks to the first half of the year when each month was considerably greater than during the same month of the previous year. "
The value of construction, repair, and extension permits approved during the first half of the year was at $829.8 million.
Most of the investments are located in the district of Panama, with $675 million (58.5% more than the year before); this is followed by Arraijan, which, with $44 million, had the biggest increase in the country (161.3%).
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