Ecuador Economic Activity


Ecuador: Economic activity picks up in August

October 13, 2015

In August, economic activity increased a modest 0.5% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). August’s growth contrasted the 2.8% contraction recorded in July and was the first expansion in four months.

On a month-on-month basis, economic activity in August increased 1.00% in seasonally-adjusted terms, which followed the 0.68% increase recorded in July. Annual average growth in economic activity fell in August to 1.2% from July’s reading of 1.5%.

FocusEconomics Consensus Forecast participants see GDP growing 0.6% in 2015, which is down 0.4 percentage points from last month’s forecast. For 2016, panelists expect the economy to expand 0.7%.

Author:, Economist

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Ecuador Economic Activity Chart

Ecuador Economic Activity August 2015 0

Note: Year-on-year changes and annual average variation of economic activity in %.
Source: Ecuador Central Bank and FocusEconomics calculations.

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