Panama's growth rate slows to 7.0%
Led by the construction industry, Panama's Leading Economic Indicators showed a growth rate of 7.0 percent for the first quarter of 2008, down from 10.4 percent in the same period of 2007.
Friday, June 20, 2008
The Comptroller General's Office for the Panamanian Government said the sectors of the economy analyzed that showed growth included construction, mining, hotels and restaurantes, transport, warehousing and communications, community activities and real estate, electricity, water and trade.
The economic activities that grew the most were port services, construction, tourism and mining and quarrying.
The sectors that grew during the first month of the year were fishing, construction, mining and quarrying, and the manufacturing industries.
In March 2013 the IMAE grew by 5.92% compared to 13.75% in March 2012, making it the lowest month of growth in the last 24 months.
In the first eight months, economic activity increased by 5.23% over the same period in 2009.
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