Ecuador Economic Activity March 2020

Ecuador

Ecuador: Economic activity drops at sharpest rate since August 2016 in March

May 12, 2020

Write intro here Economic activity dropped 2.6% year-on-year in March (February: -2.4% yoy) and marked the worst reading since August 2016.

On a seasonally-adjusted monthly basis, economic activity fell at a more pronounced rate of 0.5% in March (February: -0.3% mom). The print marked the worst result since December 2015. Meanwhile, the trend pointed down, with the annual average variation of coming in at minus 1.6%, down from February's minus 1.3% reading.

LatinFocus panelists are currently revising their forecasts and a new Consensus Forecast will be available on 19 May.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity February 20 20 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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