Ecuador Economic Activity December 2017

Ecuador

Ecuador: Contraction in economic activity eases in December

February 28, 2018

In December, economic activity contracted 0.9% in annual terms, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. The decline eased from January’s revised 1.5% drop (previously reported: -0.8% year-on-year).

In month-on-month, seasonally-adjusted terms, economic activity increased 0.6% in December, following a revised 0.2% rise in November (previously reported: +0.4% month-on-month).

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.7% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists project the economy will grow 1.3%.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity December 2017

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Ecuador Central Bank and FocusEconomics calculations.


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