Panama: Economic activity growth softens in December
Latest reading: Economic activity expanded 6.0% year on year in December (November: +7.4% yoy). Looking at the details of the release, growth strengthened in the agriculture, construction, hospitality, trade and transport sectors. On the flipside, manufacturing plus mining and quarrying activity contracted, and activity elsewhere in the economy expanded at a softer clip.
Meanwhile, the trend improved, with the annual average growth of economic activity coming in at 3.6% in December, up from November’s 3.5% reading.