In May, the indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) jumped 11.9% over the same month last year, which was well above the revised 2.5% increase observed in April (initially reported: +1.6% year-on-year). A month-on-month comparison confirms the strong expansion suggested by the annual figures, as economic activity expanded 1.57% over the previous month, which was above the 1.39% increase registered in April. Despite the monthly expansion, the trend continues to point downwards, with annual average growth in economic activity falling from 9.6% in April to 9.4% in May. Meanwhile, the government expects the economy to expand 5.3% this year before slowing to 4.2% in 2012.
Ecuador Economic Activity
Economic activity soars in May
July 13, 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.