The IMAE economic activity index of Panama increased 2.95 percent year-on-year in June 2019, up from a 2.38 percent rise in the previous month. Main positive contributions came from transport, storage & communications; financial services; public administration; mining; agriculture; and utilities. In the first half of the year, economic activity advanced 3.08 percent compared to 3.21 percent in the same period of last year. Leading Economic Index in Panama averaged 6.22 percent from 2007 until 2019, reaching an all time high of 15.69 percent in April of 2008 and a record low of -2.26 percent in August of 2009.
Leading Economic Index in Panama is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Panama to stand at 4.80 in 12 months time. In the long-term, the Panama Economic Activity Index YoY Change is projected to trend around 5.40 percent in 2020, according to our econometric models.