Ecuador Economic Activity January 2018

Ecuador

Ecuador: Economic activity contracts in January

March 16, 2018

In January, economic activity contracted 0.5% year-on-year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. The rate of contraction eased from December’s revised 1.2% decline (previously reported: -0.9% year-on-year).

In month-on-month, seasonally-adjusted terms, economic activity rose 0.7% in January. This was a bigger increase than the revised 0.5% expansion in December (previously reported: +0.6% month-on-month)

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.7% in 2018, which is unchanged from last month’s forecast. For 2019, panelists project the economy will grow 1.3%.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity January 2018 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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