Ecuador Economic Activity July 2019

Ecuador

Ecuador: Economic activity gains traction in July

September 11, 2019

Economic activity rose 2.0% over the same month of the previous year in July, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. This marked a faster pace of expansion than the 1.5% registered in June.

In month-on-month, seasonally-adjusted terms, economic activity was up 0.6% in July, marking a slight acceleration from the 0.4% rise in June. Lastly, annual average growth in economic activity slid to 2.4% in July from 2.5% in June.

Panelists surveyed for this month’s LatinFocus report expect the economy to grow 0.0% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel sees the economy growing 0.5%, which is down 0.1 percentage points from last month’s estimate.


Author:, Economist

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Ecuador Economic Activity July 2019

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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