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).
Author: Nihad Ahmed, Economist