Ecuador Economic Activity June 2018


Ecuador: Economic activity grows at faster pace in June

August 14, 2018

According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity increased 3.8% over the same month of the previous year in June, accelerating from the revised 2.9% year-on-year rise in May (previously reported: +3.8% year-on-year) and marking the best print in since November 2014.

In month-on-month, seasonally-adjusted terms, economic activity rose 0.8% in June following a revised 0.9% expansion in May (previously reported: +1.2% month-on-month).

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.5% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists project the economy will grow 1.2%.


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Ecuador Economic Activity Chart

Ecuador Economic Activity June 2018

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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