{"id":19349,"date":"2017-03-21T12:02:09","date_gmt":"2017-03-21T17:02:09","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=19349"},"modified":"2017-03-21T12:02:09","modified_gmt":"2017-03-21T17:02:09","slug":"complex-outlook-panamanian-industry","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/complex-outlook-panamanian-industry\/","title":{"rendered":"Complex Outlook for Panamanian Industry"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/03\/Down-Market-Trend-keyimage.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19350\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/03\/Down-Market-Trend-keyimage.jpg\" alt=\"\" width=\"990\" height=\"450\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/03\/Down-Market-Trend-keyimage.jpg 990w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/03\/Down-Market-Trend-keyimage-300x136.jpg 300w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/03\/Down-Market-Trend-keyimage-768x349.jpg 768w\" sizes=\"auto, (max-width: 990px) 100vw, 990px\" \/><\/a><\/p>\n<p>In 2016 the GDP of the industrial sector shrank by almost 3%, affected by a 12% drop in sugar production and 11% in beverage production.<\/p>\n<p><span dir=\"ltr\">In the last two years, the contribution of the <a class=\"hlink\" title=\"Industry\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Industry%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">industrial<\/a> sector to the economy has shrunk by $80 million, according to estimates made by entrepreneurs who are members of the Union of Industrialists of <a class=\"hlink\" title=\"Panama\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Panama%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Panama<\/a>.<\/span>\u00a0<span dir=\"ltr\">In 2016 alone the sector&#8217;s GDP fell by 2.8%, and this year the outlook is not very encouraging.<\/span><\/p>\n<p><span dir=\"ltr\">See also: &#8220;<a href=\"http:\/\/www.centralamericadata.com\/en\/product\/inteligenciaComercialReporte\/6605165\" target=\"_blank\"><u>Food Industry Imports in Central America<\/u><\/a>&#8220;<\/span><\/p>\n<p><span dir=\"ltr\">According to industrialists there is a need for &#8220;<\/span><span dir=\"ltr\"><em>Panama to have a real productive development policy, in order to boost productivity, competitiveness and overall development of the activities of the industrial and agro-industrial sector and the economic efficiency of the <a class=\"hlink\" title=\"production\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22production%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">production<\/a> chain, in the short, medium and long term, that allows Panamanian exports to recover.&#8221;<\/em><\/span><\/p>\n<p><span dir=\"ltr\">Laestrella.com.pa reports that\u00a0<em>&#8220;&#8230;&#8221;<\/em><\/span><em><span dir=\"ltr\">According to representatives of the industrialists, the contraction of economic activity in 2016 was mainly due to a decrease in the manufacture of food and beverages.<\/span>\u00a0<span dir=\"ltr\">According to figures released in 2016 sugar production decreased by 11.9%, production of beverages fell by 10.7% \u00a0and cement production decreased by 5.1%.<\/span>\u00a0<span dir=\"ltr\">In 2016, the production of ready-mix concrete (-12.8%) and chemicals (-11.1%) also deteriorated, added representatives from the business association.&#8221;<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2016 the GDP of the industrial sector shrank by almost 3%, affected by a 12% drop in<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,10,12,241,39,34,33,62,42,16,29,18,22,19,117,219,11,245,6,20,243,31,7,246,244,15,44,17],"class_list":["post-19349","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-bocas-del-toro","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-estate-planning","tag-exchange-property-in-panama","tag-foundations","tag-hydro-electric","tag-investments-in-panama","tag-los-quetzales-lodge","tag-move-to-panama","tag-offshore-real-estate","tag-offshore-real-estate-panama","tag-panama","tag-panama-economics","tag-panama-papers","tag-panama-property-exchange","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-tax-issues","tag-travel-to-panama","tag-trusts"],"yoast_head":"<!-- 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