Although the downward trend in new vehicle sales continues in Panama, the declines in the number of units marketed reported in recent months compared to the same periods in 2018 are decreasing.
After in the first semester of 2018 a 13% y-o-y fall in foreign investment flows was reported, the accumulated up to September totaled $4.251 million, 9% more than in the same period of 2017.
According to figures from the General Comptroller of the Republic, Foreign Direct Investment in Panama increased between the first nine months of 2017 and the same period in 2018, going from $3.892 million to $4.251 million.
In accordance with what was reported during 2018, in the first seven months of the year Panama received 1.48 million tourists, 2% of those reported in the same period of 2017.
According to the latest figures from the General Comptroller, between January and July 2017 and the same period of this year, the number of visitors with tourist purposes who arrived in the country fell from one million 504 thousand to one million 475 thousand.
The Panamanian government has spent $2.580 million in salaries for civil servants from January to August this year, 10% more than had been reported in the first eight months of 2017.
According to figures from the Office of the General Comptroller between January and August 2017 and the same period this year, the expenditure on salaries for civil servants increased by $241 million, from $2,339 million to $2,580 million.
Between January and March of this year, 130 million kilograms of pork were produced in Panama, and the price per pound paid by consumers exceeded $4.25.
Production in the first quarter of 2018 amounted to 130 million kilos, and slaughters exceeded by 4% the figure reported in the same period in 2017, according to figures from the Comptroller General of the Republic.
Between January and September of this year, the energy supply grew by just 1.7% compared to the same period in 2016, led by renewable energy sources.
Figures from the Comptroller General show that up until September 2017, the supply of energy this year stood at 7,912,784 kWh, while in the same period last year total availability was 7,778,238 kW.
The Tourism Authority in Panama estimates that the supply of residences in the country that are rented out to tourists now represents 20% of hotel occupancy.
Hotel occupancy remains at the same levels as a year ago, around 50%, according to data from the Office of the Comptroller General of the Republic. According to hoteliers and the Tourism Authority of Panama (ATP) itself, it has not been possible to improve the figures due to an increasing supply of vacation rentals, an activity which has been banned since 2014 under Law 80.
At the end of the first quarter, the value of new construction, additions and repairs amounted to $796 million, almost 20% more than in the same period in 2016.
The value of new construction, additions and repairs recorded in April was $226 million, an increase of 47% compared to the value registered in the same month in 2016.
At the end of the first quarter, there were 71,043 new employment contracts, 3% more than in the same period in 2016.
The latest report by the Comptroller General of the Republic states that in March, 28,355 new labor contracts were registered with the Ministry of Labor, 22% more than in March of the previous year.
University infrastructure in Costa Rica, and road construction and office building in Panama, are some of the public infrastructure projects planned for the coming months in the region.
CentralAmericaData's information system "Construction Projects in Central America,", compiled by the Business Intelligence Unit,provides an up to datelist of public and private construction projects for which environmental impact assessments (EIAs) were submitted to Institutions in each country in February 2017.
The value of building permits that were processed five years ago in the districts of La Chorrera and Arraiján amounted to $208 million, while the figure at the end of 2016 is estimated at $313 million.
Growth in real estate development in Panama West could be further enhanced once Line 3 of the Metro starts to operate, and the fourth bridge over the Canal has been built.
Between January and October of this year 56,976 new vehicles were registered in the country, 3.5% more than in the same period in 2015.
The growth rate in the first ten months of the year contrasts with the growth rate registered in September, which was 8%.
Of the total number of registered vehicles during the first 10 months of the year, 42% were regular cars, 3.7% luxury cars, 29% SUVs, 1.7% minivans, 2% vans, 14% pick ups, 2.3% buses, 3.4% trucks, and 0.40% were others, according to figures from the Office of the Comptroller General of Colombia.
The movement of bulk cargo in the port system of Panama in the first half of the year fell by 21% compared to the same period in 2015.
Between January and June the transport of containerized cargo fell by 15% compared to the same period in 2015, according to figures from the Office of the Comptroller General of Colombia.In the case of general cargo, there was an increase of 13% compared to the same period in 2015.
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