Ecuador Economic Activity November 2018


Ecuador: Economic activity growth climbs to over four-year high in November

January 18, 2019

According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity gained strength for the ninth consecutive month in November, growing 5.9% over the same month of the previous year. This was a pick up from October’s 5.3% year-on-year expansion. November’s print marked the fastest pace of growth in over four years. A detailed breakdown of sectoral activity has not yet been made available.

In month-on-month, seasonally-adjusted terms, economic activity rose 0.6% over the previous month in November, matching October’s reading.

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 0.9% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.3% in 2020.


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Ecuador Economic Activity Chart

Ecuador Economic Activity November 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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