Ecuador: Economic activity contracts in November
January 14, 2020
In November, economic activity fell 0.3% over the same month of 2018, according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador. The result was above October’s contraction of 0.6%, which had marked the worst reading in over three years.
In month-on-month, seasonally-adjusted terms, economic activity rose 0.4% in November after coming in flat in October. Meanwhile, annual average growth in economic activity inched down to 0.5% from 0.8% in October.
Author: Hanna Andersson, Economist