The union of industrialists projects that the economy will grow by 6% this year and has raised concern over the fall in manufacturing activity.
From a statement issued by the Union of Industrialists in Panama:
Panama will continue to lead economic growth in Latin America and it is estimated that it could close 2015 at 5.8%; while for 2016 the amount projected is 6%. This was announced by the president of the Union of Industrialists of Panama, Ricardo Sotelo Guedes, in a press conference, on Wednesday January 27, in which the financial report "Estimates and outlook on growth of the Panamanian economy 2015 -2016 " was presented.
In 2014 the port system showed better results than in 2013, with the mobilization of 90,000 TEUs, with the Port of Balboa recording the largest increase, of 5.6%.
The five ports that make up the Panamanian port system moved about 6.7 million TEUs at the end of 2014, an increase of 2.9% compared to 2013, when 6.5 million TEUs were mobilized. On average, during 2014, 500 thousand containers of 20 feet were moved per month.
There is a growing trend in appliances stores and department stores to set up large format stores offering a better buying experience with "everything in one place."
This format allows to the diversification and expansion of the supply of products mainly in middle and upper middle income levels, especially in areas with high population density, which allows consumers to buy more conveniently and for stores to generate more revenue.
The dynamism and growth of the past two years is being maintained with the arrival of new competitors in a market which already totals 143 outlets in the Greater Metropolitan Area of Costa Rica.
Added to well-known brands such as Fresh Market, AM PM and Vindi, all using the convenience store format, there are now local bakeries from the Musmanni chain, branded Musmanni Super Mini, owned by Florida Ice and Farm.
The increase in production to 24,500 tons and rising international prices took revenues from this category from $74 million to $150 million in three years.
In the last ten years Nicaragua has made progress in the modernization of production of farmed shrimp and improved the processes of industrialization, reaching a production of 24,500 tons in 2013. It is currently the second largest Central American producer, second only to Honduras which produced 28,900 tons in 2013.
Economic activity showed an increase of 4.6% between January 2013 and January 2014, driven, among other things, by a boom in housebuilding.
Nicaragua's economy has been keeping pace with growth as reflected in the latest report by the Central Bank, in which the results of the economic activity in the last twelve months up to January 2014 have been collected.
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