Ecuador: Economic activity recovers in February
April 11, 2016
In February, economic activity recovered, expanding 3.4% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). February’s increase contrasted the 0.1% fall observed in January and marked the largest expansion in 10 months.
On a month-on-month basis, economic activity in February increased 1. 13% in seasonally-adjusted terms, which is an improvement over the 1.01% increase recorded in January and marks the largest increase since December 2011. The annual average variation in economic activity advanced from January’s minus 3.3% to minus 3.0% in February.