In December, the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) rose 19.2% over the same month last year, which represented an acceleration over the strong 14.9% increase recorded in November. Economic activity expanded at a seasonally adjusted rate of 1.04% over the previous month, which was virtually unchanged from the 1.02% increase recorded in November. As a result, the trend continues to point upwards, with annual average growth jumping from 11.6% in November to 13.3% in December. The Central Bank sees the economy growing 5.1% this year and 5.2% in 2012.
Ecuador Economic Activity
Economic activity accelerates in December
February 15, 2011
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Ecuador Economic News
October 11, 2016
In August, economic activity recorded an annual contraction of 2.8%, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural).
October 7, 2016
In September, consumer prices rose 0.15% over the previous month, contrasting August’s 0.16% decrease.
October 3, 2016
The Ecuadorian economy performed slightly better in the second quarter, the result of gradually improving oil prices and an increase in crude output.
September 8, 2016
In July, economic activity plummeted and recorded the largest contraction in over ten years.
September 6, 2016
In August, consumer prices fell 0.16% over the previous month, the lowest reading in over three years.