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).
Author: Nihad Ahmed, Economist