Ecuador Economic Activity November 2017

Ecuador

Ecuador: Economic activity contracts at slightly softer pace in November

January 15, 2018

In November, economic activity contracted 0.8% in annual terms, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. The decline was slightly softer than October’s revised 1.0% year-on-year contraction (previously reported: -1.8% year-on-year). Reasons for the decline in overall activity have yet to be released.

In month-on-month, seasonally-adjusted terms, economic activity rose 0.4% in November, following a revised 0.1% drop in October (previously reported: -0.3% month-on-month).

Ecuador GDP Forecast


Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.6% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, panelists project the economy will grow 1.1%.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity November 2017 0

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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