And the bricks keep coming
Despite the international and local scenarios show sign of slowing, the construction in Panamá, so far, hasn’t lowered its rhythm.
According to the report of the key monthly economic indicators released yesterday by the Comptroller General of the Republic, the production of premixed concrete in the first three months of the year was 545 thousand cubic meters, 27.9% more than the same period last year.
Coming from the airport, coming from the beach, or simply looking out your window, you will notice that wherever your eyes can see, construction is at its peak.
Cranes moving, bricks rising, cement is pouring, and workers building, is all part of an industry that keeps producing incredible profits to our economy along with providing employment for thousands.
But there’s a hint of slowdown in the medium term, according to the value of building permits approved in the same period which was just 1.4% higher than the year before, and it was positive due to the non-residential projects, which doubled their registration.
Posted in Panama Real Estate