Ecuador: Economic activity growth rises in November
Economic activity increased 4.0% compared to the same month of the previous year in November, which was above October’s 1.2% increase. Softer growth in consumer and producer prices will have supported activity, while lower oil production figures likely impeded a larger increase in the headline figure.
Meanwhile, annual average economic activity growth continued its downward trend, falling to 7.7% in November (October: +8.6%), which marked an over one-year low.