Ecuador: Economic activity sustains a healthy pace of expansion at the outset of the year
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity picked up slightly at the start of the year, rising 4.7% over the same month of the previous year. This was marginally up from the 4.6% year-on-year expansion recorded in December last year. A detailed breakdown of sectoral activity has not yet been made available.
In month-on-month, seasonally-adjusted terms, economic activity grew 0.5% over the previous month in January, following a 0.3% month-on-month upturn in December.