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).
Author: Nihad Ahmed, Economist