Panama: Economic activity growth gains steam in March
Latest reading: Economic activity grew 7.9% in year-on-year terms in March, which was above February’s 5.0% increase. Looking at the details of the release, growth strengthened in the agriculture, hospitality, manufacturing, domestic trade and transport sectors. Meanwhile, momentum elsewhere in the economy softened from the prior month.
Meanwhile, annual average economic activity growth rose to 4.8% in March (February: +4.1%), pointing to an improving trend.