In August, economic activity expanded 14.7% over the same month last year, according to the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural). The reading was slightly slower than the already strong 17.0% expansion observed in July, but still marked the fourth consecutive month of double-digit growth in economic activity. On a monthly basis, economic activity rose 1.14% over the previous month in seasonally adjusted terms, which was a notch above the 1.04% rise registered in July. As a result of the strong expansion, annual average growth in economic activity stepped up from 10.3% in July to 10.4% in August. Meanwhile, the government remains confident that the economy is on track to meet its 5.24% growth target for this year and, as outlined in its 2012 draft budget, the government anticipates that the economy will grow 5.35% in 2012.
Ecuador Economic Activity
Economic activity remains strong in August
October 12, 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.