Ecuador Economic Activity April 2019

Ecuador

Ecuador: Economic activity grows at marginally faster pace in April

June 12, 2019

Economic activity rose 2.7% over the same month of the previous year in April, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. This was marginally up from March’s 2.6% year-on-year expansion.

In month-on-month, seasonally-adjusted terms, economic activity picked up, rising 0.5% in April. This marked an acceleration from a 0.3% upturn in March. Lastly, annual average growth in economic activity remained at 3.3% in April.

Panelists surveyed for this month’s LatinFocus report expect the economy to grow 0.3% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees growth accelerating to 0.7%.


Author:, Economist

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Ecuador Economic Activity April 2019 0

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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