Mountains in Ecuador

Ecuador Economic Activity January 2021

Ecuador: Economic activity drops in January

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%.

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