In March, the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) declined 3.5% over the same month last year, which marked the first drop in the index since November 2009. The reading contrasted the 8.1% expansion tallied in February. A month-on-month comparison, however, does not corroborate the contraction seen in the annual figures. Economic activity expanded 0.70% over the previous month in seasonally adjusted terms, which was virtually unchanged from the 0.74% increase recorded in February (previously reported: +1.05% month-on-month). As a result of the year-on-year contraction, the trend continued pointing downwards, with annual average growth dropping to 10.2%, down from 12.0% seen in February.
Ecuador Economic Activity
Economic activity contracts in March
May 16, 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.