Ecuador Economic Activity May 2019


Ecuador: Economic activity picks up in May but remains weak

July 12, 2019

Economic activity rose 1.9% over the same month of the previous year in May, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador. This was up from a 1.6% year-on-year rise in April, although remained relatively lackluster.

In month-on-month, seasonally-adjusted terms, economic activity was up 0.6% in May, marking an acceleration from April’s 0.2% expansion. Lastly, annual average growth in economic activity inched down to 3.0% from 3.1% in April.

Panelists surveyed for this month’s LatinFocus report expect the economy to grow 0.2% in 2019, which is down 0.1 percentage points from last month’s projection. For 2020, the panel sees growth accelerating to 0.6%.

Author:, Economist

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Ecuador Economic Activity Chart

Ecuador Economic Activity May 2019

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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