Ecuador Economic Activity November 2016

Ecuador

Ecuador: Economic activity accelerates in November

January 10, 2016

In November, economic activity expanded 2.7% year-on-year, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural). The reading marked an improvement from October’s 1.5% increase and the highest figure in almost two years.

On a month-on-month basis, economic activity in November increased 0.40% in seasonally-adjusted terms, which was below the 0.75% increase recorded in October. In November, the annual average variation in economic activity declined by 3.3%. The figure was above October’s 3.9% contraction and marked the best reading in 10 months.

Panelists surveyed for this month’s LatinFocus report see GDP contracting 0.3% in 2017, which is down 0.3 percentage points from last month’s forecast. For 2018, panelists expect the economy to grow 0.8%.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity November 2016

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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