Ecuador: Economic activity drops again in April
June 13, 2020
Economic activity dropped 2.8% year-on-year in April (March: -3.3% year-on-year) according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador.
On a monthly basis, economic activity rose 0.2% in April (March: -0.3% month-on-month). The print marked the best result since May 2018. Meanwhile, the trend pointed down, with the annual average variation of economic activity coming in at minus 2.1%, down from March's minus 1.9% reading.
Author: Hanna Andersson, Economist