In June, the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) rose 8.7% over the same month last year, which was below the revised 12.8% increase observed in May (previously reported: +11.9% year-on-year). A month-on-month comparison confirms the moderation suggested by the annual figures, as economic activity expanded a seasonally adjusted 1.41% over the previous month, which was below the 1.50% increase tallied in May. Despite the strong expansion, the trend continues to point downwards, with annual average growth in economic activity falling from 9.7% in May to 8.7% in June, the slowest pace since July 2008. The government expects the economy to expand 5.3% this year before slowing to 4.2% in 2012.
Ecuador Economic Activity
Economic activity slows in June
August 12, 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.