Ecuador: Economic activity accelerates in February
April 19, 2017
In February, economic activity in Ecuador expanded 5.7% year-on-year, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural). The reading marked an improvement from January’s 4.7% increase and the fastest growth rate in over two years.
On a month-on-month basis, economic activity in February increased 0.62% in seasonally-adjusted terms, which was above the 0.49% increase recorded in January. In February, the annual average variation in economic activity continued showing a gradual improvement to minus 0.8% from January’s minus 1.7% and marked the best reading in 15 months.
Author: Christopher Mc Innes, Economist