In November, economic activity jumped 32.6% over the same month the previous year, according to the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural). The increase came in above the already buoyant 17.7% expansion recorded in October and, in fact, represents the fastest rate seen since September 2005. A month-on-month comparison, however, points to a less healthy expansion than suggested by the annual figures, with economic activity rising just 1.13% over the previous month in seasonally adjusted terms (October: +1.27% mom). Meanwhile, the trend continues to improve as a result of this strong expansion, with annual average growth rising from 12.7% in October to 13.2% in November. The Central Bank expects the economy to grow 5.4% in 2012, whereas the government expects economic growth of 5.2%, according to its 2012 draft budget.
Ecuador Economic Activity
Economic activity explodes in November
January 13, 2012
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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.