Ecuador Economic Activity June 2019

Ecuador

Ecuador: Economic activity accelerates in June

August 21, 2019

Economic activity rose 2.2% over the same month of the previous year in June, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. This marked an acceleration from the 1.7% year-on-year expansion in May.

In month-on-month, seasonally-adjusted terms, economic activity was up 0.7% in June, marking a faster pace of expansion than the 0.5% upturn in May. Lastly, annual average growth in economic activity inched down to 2.7% in June from 2.8% in May.

Panelists surveyed for this month’s LatinFocus report expect the economy to grow 0.2% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees growth accelerating to 0.6%.


Author:, Economist

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Ecuador Economic Activity June 2019

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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