New Car sales fall in Panama

Economy

The segment of light SUVs or SUVs recorded the sale of 2,656 units, 8.8% less than the 2,913 of the previous period

The sale of new cars in Panama in the first two months of 2018 fell by 10.5% to add 7,843 units compared to 8,768 in the same period of 2017, according to data from the National Institute of Statistics and Census (INEC) released today.

The preliminary figures of the Panamanian statistics entity for the period January-February 2018 corroborate the weakness of the market, which collapsed by 14.7% in 2017, which made it the worst year for the industry in the last five years.

Local analysts link the behavior of the sector to the slowdown in Panama’s economic growth since 2012, although the country remains one of the most dynamic in the region with an expansion of gross domestic product (GDP) of 5.4% in 2017.

Detailed by month, the fall in sales in January was 0.8% and in February it was 18.9%, compared to the same months of the previous year, indicated INEC.

 

READ MORE:http://elsiglo.com.pa/economia/venta-autos-nuevos-panama-105-primer-bimestre-2018/24058721

No Comments

Leave a Reply

Your email address will not be published.

Economy
Final Qtr- of 2023 reported STRONG growth in the Republic GDP.

https://elsiglo-com-pa.translate.goog/economia/producto-interno-bruto-trimestral-crecio-89/24242734?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http Bracho: this growth translates into an increase in the hiring of people and greater income for companies The Quarterly Gross Domestic Product (GDP) grew 8.9% compared to the same period in 2022 during the first nine months of 2023, according to data from the Comptroller General of the Republic. …

Economy
Cortizo active on sessions to discuss 2024 budget before end of calendar year.

https://www-laestrella-com-pa.translate.goog/panama/nacional/cortizo-convoca-sesiones-extraordinarias-para-discusion-del-presupuesto-2024-EB5663622?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Deputies will only have to discuss a single issue between December 21 and 31 The President of the Republic, Laurentino Cortizo, called the National Assembly to extraordinary sessions from December 21 to 31. The deputies must analyze bill 1041, which dictates the State budget for the fiscal year 2024. …

Economy
“Costa del Este” forming into the Monaco of LATAM real estate in terms of pricing.

https://www.laestrella.com.pa/economia/costa-del-este-el-barrio-mas-caro-de-america-central-CB5672602 An investigation carried out by three real estate portals places Costa del Este as one of the places where it is most expensive to buy apartments Buying an apartment in the exclusive neighborhood of Costa del Este, in the town of Juan Díaz, in Panama City, is more expensive …