Ecuador: Economic activity contracts at sharper pace in August
October 13, 2020
Economic activity fell 12.8% in year-on-year terms in August, a softer decline than July’s 12.6% drop.
On a monthly basis, economic activity slipped 1.9% in seasonally-adjusted terms in August, matching the previous month’s decline. Meanwhile, the trend pointed down, with the annual average variation of economic activity coming in at minus 10.3%, down from July’s minus 9.2%.