Ecuador Economic Activity March 2019

Ecuador

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.

Panelists surveyed for this month’s LatinFocus report expect the economy to grow 0.3% in 2019, which is down 0.4 percentage points from last month’s projection. For 2020, the panel sees the economy expanding 0.7%.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity March 2019

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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