UPDATE 1-Panama economy expands in March at slowest pace this year

miércoles 25 de mayo de 2016 18:58 GYT

(Updates with details)

PANAMA CITY May 25 (Reuters) - Panama's economy accelerated in March compared to the same period a year earlier, the government said on Wednesday.

The economy grew 3.74 percent in March, the slowest pace of growth since December 2015, according to government data.

The Central American country's economic expansion was driven by growth in transportation, storage and communication, mining and quarrying, construction, electricity and water, hotels and restaurants, and financial services, according to the government report.

Shipping in twenty-foot equivalent units (TEU) decreased in the month, the report said.

(Reporting by Elida Moreno)