Optimism in Panamanian Industry

Expectations are for an increase in domestic consumption driven by economic growth which will boost the sector to grow by more than 5% during 2013.

Monday, April 15, 2013

"According to the Comptroller General of the Republic, the behavior of the manufacturing industry, observed through its integrated indices of volume, price and value, showed that for January-December 2012, compared to the same period last year, there were increases in the order of 4.7%, 6.9% and 11.9%, respectively. Foods and beverages, and the manufacture of building materials were the most dynamic and at the same time rose the most in price and value," noted an article in Capital.com.pa.

According to Juan Francisco Kienner, president of the Union of Industrialists of Panama (SIP), the 2013 started strongly in Panama because consumption is going well and the economy grows stronger, for which reason it is still one of the fastest growing economies in the region.

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