Ecuador Economic Activity July 2018

Ecuador

Ecuador: Economic activity accelerates in July

September 14, 2018

According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity grew 4.0% over the same month of the previous year in July, after a 3.0% year-on-year expansion in June (previously reported: +3.8% year-on-year). July’s print marked the best reading since November 2014.

In month-on-month, seasonally-adjusted terms, economic activity rose 0.6% in July. The print matched June’s revised expansion (previously reported: +0.8% month-on-month).

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.5% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists project the economy will grow 1.2%, which is unchanged from last month.


Author:, Economist

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Ecuador Economic Activity July 2018

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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