Ecuador Economic Activity February 2020

Ecuador

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.

LatinFocus panelists are currently revising their forecasts and a new Consensus Forecast will be available on 21 April.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity February 20 20

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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