In February, the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) rose 2.4% over the same month last year, which represented a slowdown compared to the 6.0% increase (previously reported: +5.5% year-on-year) recorded in January. A month-on-month comparison corroborates the deceleration seen in annual figures. Economic activity expanded 1.05% over the previous month in seasonally adjusted terms, which was slightly below the 1.17% increase recorded in January. As a result, the trend pointed downwards, as annual average growth dropped to 11.8%, down from the 13.5% seen in January. The Central Bank sees the economy growing 5.1% this year and 5.2% in 2012.
Ecuador Economic Activity
Economic activity continues decelerating in February
April 15, 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.