Ecuador: Economic activity continues to fall in February
April 17, 2020
In February, economic activity declined 0.7% over the same month of last year, according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador. The result was above January’s revised fall of 0.9% (previously reported: -0.1% year-on-year).
In month-on-month, seasonally-adjusted terms, economic activity was flat in February, following January’s revised 0.1% rise (previously reported: +0.7% month-on-month). Meanwhile, annual average economic activity fell 0.7% in February, which was down from January’s 0.5% decrease.
Author: Hanna Andersson, Economist