Ecuador Economic Activity


Economic activity gains speed in July

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,

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