Ecuador Economic Activity November 2020

Ecuador

Ecuador: Economic activity softens in November

January 15, 2021

Economic activity ticked up 0.6% in year-on-year terms in November, easing notably from October’s 5.8% jump which had marked the strongest increase in two years.

On a month-on-month basis, economic activity grew 1.2% in November, quickening from October’s 1.0% increase. Meanwhile, the trend improved, with the annual average variation of economic activity coming in at minus 9.5%, up from October’s minus 9.7%.

LatinFocus panelists project GDP to grow 3.6% in 2021, which is down 0.2 percentage points from last month. For 2022, the panel sees GDP growth at 2.1%.


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Ecuador Economic Activity November 20 20

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


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