In November, the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) rose 12.1% over the same month last year, which was above the 9.2% increase recorded in October. A month-on-month comparison does corroborates the improvement seen in annual figures, as economic activity expanded a seasonally-adjusted 1.01% over the previous month, which was above the 0.77% increase recorded in October. Moreover, the trend continues to point upwards, with annual average growth reaching 11.2% in November, up from the 9.5% growth recorded in October.
Ecuador Economic Activity
Economic activity accelerates in November
November 30, 2010
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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.