Mountains in Ecuador

Ecuador Economic Activity July 2020

Ecuador: Economic activity falls again in July

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%.

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