Ecuador Economic Activity February 2016

Ecuador

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.

Panelists surveyed for this month’s LatinFocus report see GDP growing 1.7% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect the economy to expand 1.0%.


Author: Teresa Kersting, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity February 2016

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


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