Ecuador Economic Activity

Ecuador

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.

FocusEconomics panelists see GDP growing 0.2% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, panelists expect the economy to expand 0.1%, which is down 0.4 percentage points from the previous month’s forecast.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity September 2015 0

Note: Year-on-year changes and annual average variation of economic activity in %.
Source: Ecuador Central Bank and FocusEconomics calculations.


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