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).
Author: Nihad Ahmed, Economist