Ecuador: Economic activity drops in January
March 15, 2021
Economic activity tumbled 5.0% in year-on-year terms in the first month of 2021, dropping at a faster pace than December’s 0.7% decline and falling at sharpest rate since September 2020.
On a month-on-month basis, economic activity rose 1.4% in January, slightly above December’s 1.3% increase. Meanwhile, the trend deteriorated, with the annual average variation of economic activity coming in at minus 10.1%, down from December’s minus 9.4%.