Ecuador: Economic activity grows at the fastest rate in almost four years in September
November 16, 2018
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity picked up in September, growing 4.8% over the same month of the previous year. This was up from the revised 3.8% year-on-year expansion in August (previously reported: +5.0% year-on-year) and marked the fastest pace of growth in nearly four years. A detailed breakdown of sectoral activity has not yet been made available.
In month-on-month, seasonally-adjusted terms, economic activity increased 0.6% over the previous month in September, following a 0.4% month-on-month rise in August.
Ecuador GDP Forecast
Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.1% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.4% in 2020.
Author: Nihad Ahmed, Economist