Construction materials in Panama

Construction materials in Panama

Between January and May an increase of 5.7% was registered in the building permits, which forecasts, according to industry representatives, good perspectives for the coming months. On the other hand, production of ready-mixed concrete, for example, declined by 22% and gray cement 2.6%, indicating that overall construction fell in the first five months of the year.

Figures from the General Comptroller of the Republic indicate that "... from January to May 2015 permits for residential construction were requested worth $407 million and non-residential projects, for $448.5 million. In the first five months of the year, most of the demand for building permits was in the district of Panama, when they totaled $591.4 million and an expansion of 6.8% was achieved. In the district of Arraijan the value was $81 million and grew bby 27.7%, while in Colom the total was $58.2 million and increased 7.7%. "

Laestrella.com.pa reports that "... For construction materials, the results show a decline in production. Concrete production fell by 22.2% in the first five months of the year.One explanation for this sharp decline is in the completion of the expansion project of the Panama Canal. "

http://www.centralamericadata.com/en/article/home/Panama_Construction_Sector_Figures_in_May_2015