Ecuador Economic Activity March 2018


Ecuador: Economic activity expands at faster pace in March

May 14, 2018

According to the monthly indicator economic activity (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity grew 1.1% over the same month of the previous year in March, following a revised 0.2% year-on-year rise in February (previously reported: 0.0% year-on-year).

In month-on-month, seasonally-adjusted terms, economic activity increased 0.9% in March, following a revised 0.8% upturn in February (previously reported: +0.7% month-on-month).

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.7% in 2018, which is unchanged from last month’s forecast. For 2019, panelists project the economy will grow 1.4%.


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Ecuador Economic Activity Chart

Ecuador Economic Activity March 2018

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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