Ecuador Economic Activity May 2018

Ecuador

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).

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.6% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists project the economy will grow 1.3%.


Author:, Economist

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Ecuador Economic Activity May 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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