Ecuador Economic Activity April 2018


Ecuador: Economic activity in April grows at twice the pace of March

June 15, 2018

According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity rose 1.7% over the same month of the previous year in April, marking a bigger increase than the revised 0.8% year-on-year upturn in March (previously reported: +1.1% year-on-year).

In month-on-month, seasonally-adjusted terms, economic activity rose 0.9% in April, following a revised 0.8% upturn in March (previously reported: +0.9% month-on-month).

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 1.7% in 2018, which is unchanged from last month’s forecast. For 2019, panelists project the economy will grow 1.4%.


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Ecuador Economic Activity Chart

Ecuador Economic Activity April 2018 1

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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