Ecuador: Economic activity falls again in July
September 14, 2020
Economic activity plummeted 19.8% year-on-year in July, falling at a faster pace from June’s revised 17.7% drop (previously reported -24.2% yoy).
On a monthly basis, economic activity declined 2.6% in seasonally-adjusted terms in July, matching the previous month’s drop. Meanwhile, the trend pointed down, with the annual average variation of economic activity coming in at minus 9.1%, down from June’s minus 7.5%.