During November 2019, the Monthly Index of Economic Activity reported a 3.6% year-on-year change, which was largely determined by commercial activities and financial intermediation.
Among the categories of economic activity showing positive behavior were: commerce, transportation, storage and communications, public administration, financial intermediation, agriculture, electricity and water, mining and quarrying, and domestic services, reported the General Comptroller of the Republic.
The report states that “… The commercial activity registered a favorable result, due to the greater demand of the local wholesale and retail trade.
Transportation and communications services showed a good performance, favored by the operations of the expanded Panama Canal and the container movement of the National Port System in TEU and telecommunications.
The agricultural sector presented an increase in items such as cattle raising and banana cultivation, mainly for export.
The category of electricity and water supply showed a positive performance due to the increased generation of thermal energy with the participation of new electricity generation, from natural gas.”