Ecuador: Economic activity records lowest expansion since February 2021 in October
Economic activity rose 1.2% compared to the same month of the previous year in October, which was a deterioration from September’s 4.9% increase. October’s result marked the worst reading since February 2021. Activity grew at a weaker pace amid elevated price pressures and tighter financial conditions.
Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 8.6%, down from September’s 9.7% reading.