Because of the behavior of residential construction, $750 million was invested in projects in the first nine months of the year in the Panama district, 49% less than the same period in 2017.

One of the causes of the considerable drop in activity in the country is that this year the Panamanian construction sector had to face a workers’ strike, which generated millions of losses and lasted about a month.

See “Multi-Million Dollar Losses Due to Construction Strike”

From the Panamanian Chamber of Construction statement:

The investment in construction permits from January to September 2018 in the district of Panama reflected a 49% decrease compared to the previous year, according to statistical data from the Panamanian Chamber of Construction (CAPAC).

From January to September 2018, the investment was $758 million, while in the same period of the previous year the total reached $1,496.2 million.

According to the statistics, the investment in construction permits remains the lowest in the last six years, when in 2012 it was $1.765 million, in 2013 $1.097 million, in 2014 $1.432 million, in 2015 it was $1.236 million, $1.004 million in 2016 and $1.496 million in 2017.

Read full statement.