Ecuador: Economic activity drops in September
November 20, 2015
In September, economic activity fell 0.7% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). The result contrasted the 0.5% growth recorded in August.
On a month-on-month basis, economic activity in September increased 0.89% in seasonally-adjusted terms, which followed the 1.00% increase recorded in August. Annual average growth in economic activity fell from August’s 1.2% to 0.7%, which marked the lowest result since February 2010.
Author: Robert Hill, Economist