Ecuador Economic Activity October 2018

Ecuador

Ecuador: Economic activity expands at the fastest pace in four years in October

December 13, 2018

According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity accelerated in October, rising 4.5% over the same month of the previous year. This was up from the revised 3.8% expansion seen in September (previously reported: +4.8% year-on-year). October’s print marked the fastest pace of growth in four years. A detailed breakdown of sectoral activity has not yet been made available.

In month-on-month, seasonally-adjusted terms, economic activity rose 0.4% over the previous month in October, after a 0.3% month-on-month rise in September.

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.0% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.2% in 2020.


Author:, Economist

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Ecuador Economic Activity October 2018 0

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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