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Your email address will not be published.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
The one group of immigrants PANAMA “does” want to come over. Digital Nomads

The rise of remote or remote work, pushed by the covid-19 pandemic, opened the door to digital nomads. So much so that today it is one of the most frequently heard terms when talking about work trends and lifestyles in the world. A digital nomad is a person who uses the …

Economy
PANAMA leads the region in gender equality in the economic sector

Panama, for the second consecutive year, is the country with the highest percentage of women (37%) who enjoy financial inclusion, according to a Credicorp study carried out in eight countries. At the beginning of March 2022, Credicorp published its annual report Gender Gaps in Financial Inclusion 2022 in the region, …

Economy
Better and cheaper housing options available from US to address Low Income in Panama.

These house look like Goddamn tool sheds!!! The National Government has assigned a starting transfer for $3,394,687 million to finish the Nuevo Cartí urbanization project, which aims to accommodate 300 families who currently live in danger of flooding and overcrowding on the Gardí Sugdub island, in Guna Yala. With the …