In February, economic activity grew 14.1% over the same month last year, according to the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural). The print came in slightly below the 14.4% rise recorded in January (previously reported: +26.3% year-on-year). A month-on-month comparison, however, does not corroborate the moderation suggested by the annual figures, as economic activity increased 1.25% in seasonally adjusted terms, up from the 1.16% rise recorded in January. Despite the weaker annual reading, the trend continues to improve, with annual average growth inching up from 15.4% in January to 15.5% in February. The Central Bank expects the economy to expand 5.4% in 2012, while the government sees economic growth at 5.2%, according to its 2012 draft budget.
Ecuador Economic Activity
Economic activity moderates in February
April 12, 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.