In January, the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) rose 5.5% over the same month last year, which represented an abrupt slowdown over the strong 16.1% increase (previously reported: +19.2% yoy) recorded in December. A month-on-month comparison does not corroborate the strong deceleration seen in annual figures. Economic activity expanded 1.35% over the previous month in seasonally adjusted terms, which was only slightly below the 1.42% increase recorded in December. That said, the trend remained stable as annual average growth was unchanged at December's 12.4%. The Central Bank sees the economy growing 5.1% this year and 5.2% in 2012.
Ecuador Economic Activity
Economic activity decelerates in January
March 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.