Panama: Economic activity growth improves in January
Latest reading: Economic activity grew 6.7% in year-on-year terms in January, which was above December’s 6.0% increase. Looking at the details of the release, growth strengthened in the agriculture, construction, hospitality, manufacturing, trade and transport sectors. Meanwhile, momentum elsewhere in the economy softened from the prior month.
Meanwhile, annual average economic activity growth rose to 3.8% in January (December: +3.6%), pointing to an improving trend.