The value of construction projects, additions and repairs reported between January and May 2016 fell by 9% compared to the same period in 2015.

The district of San Miguelito was the area that recorded the greatest reduction in the value of construction in the first five months of the year, falling by 80% compared to the same period in 2015. At the other extreme is Colon, where there was an increase of 143%, followed by David, Santiago, Chitre, Aguadulce and La Chorrera.

You may be interested in: “Construction Projects in Panama – April 2016” and “Construction Delayed Due to Municipal Bureaucracy in Panama“

In the period in question the value of residential construction grew in total by less than 1% compared to the same period in 2015, according to figures from the Office of the Comptroller General of Colombia. Projects classified as non-residential fell by 17%, mainly explained by the 28% reduction in the value of buildings reported in the province of Panama.