Ecuador Economic Activity August 2018

Ecuador

Ecuador: Economic activity grows at the swiftest pace in nearly four years in August

October 16, 2018

According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity accelerated in August, growing 5.3% over the same month of the previous year, after expanding 4.0% year-on-year in July. August’s print marked the fastest pace of growth since October 2014. A boost in oil production underpinned the pick up in activity.

In month-on-month, seasonally-adjusted terms, economic activity rose to a four-month high of 0.8% in August following a 0.6% upturn in July.

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.2% in 2019, which is unchanged from last month’s forecast, and 1.6% in 2020.


Author:, Economist

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Ecuador Economic Activity August 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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