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.
Author: Nihad Ahmed, Economist