In January, economic activity jumped 26.3% over the same month last year, according to the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural). The increase came in well above the resilient 19.6% rise recorded in December. A month-on-month comparison, however, does not corroborate the acceleration suggested by the annual figures, as economic activity increased only 1.21% over the previous month in seasonally adjusted terms, down from the 1.63% expansion recorded in December. Nevertheless, the trend continues to improve, with annual average growth climbing to 16.4% in January from 14.7% in December. The Central Bank expects the economy to grow 5.4% in 2012, while the government sees economic growth at 5.2%, according to its 2012 draft budget.
Ecuador Economic Activity
Economic activity remains buoyant at the outset of 2012
March 15, 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.