Ecuador: Economic activity accelerates in May
July 18, 2018
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity increased 3.8% over the same month of the previous year in May, marking a faster expansion than the revised 2.6% year-on-year rise in April (previously reported: +1.7% year-on-year).
In month-on-month, seasonally-adjusted terms, economic activity rose 1.2% in May following a revised 1.1% expansion in April (previously reported: +0.9% month-on-month).
Author: Nihad Ahmed, Economist