In July, economic activity expanded 14.6% over the same month last year, according to monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural). The reading was above the 10.7% expansion observed in June and marked the fastest pace since December 2010. On a monthly basis, economic activity rose 1.37% over the previous month in seasonally adjusted term, which was only a notch below the 1.39% increase observed in June. As a result of the strong expansion, annual average growth rose from 9.3% in June to 10.0% in July, reverting from the downward trend in place since February,
Ecuador Economic Activity
Economic activity gains speed in July
October 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.