Ecuador: Economic activity decelerates slightly in March
May 15, 2019
Economic activity grew 2.0% over the same month of the previous year in March, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. This was slightly down from February’s 2.2% year-on-year expansion.
In month-on-month, seasonally-adjusted terms, economic activity picked up, rising 0.2% in March. This was marginally up from a 0.1% upturn in February. Lastly, annual average growth in economic activity remained at 3.2% in March.
Author: Nihad Ahmed, Economist