The total public and private projects in the construction sector, grew by 48.4% untilJuly 2011.
A press release from the Ministry of Economy and Finance of Panama states:
The progress of the various works and projects under development, both National Government and private enterprise ones, is revealed in the latest Economic and Social Council report, prepared by the Ministry of Economy and Finance (MEF), which indicates that the total amount of projects in the construction sector grew by 48.4% up to July 2011.
After five years of numbers in the red, the construction sector will close this year with growth of 4.6%.
According to the Salvadoran Chamber of Construction Industry (Casalco) the execution of public works was one of the factors that contributed to growth.
In an article in Laprensagrafica.com Ismael Nolasco, executive director of Casalco said, "’A very close estimate is 4.6%, which would be a positive increase in five years within the industry. The acceptable performance of public investment has had an influence, of the $1.200 million announced, we have reached a rate of about 60% to 70% of investment, which had a favorable impact on the industry’s performance.’
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