Ecuador Economic Activity January 2019

Ecuador

Ecuador: Economic activity sustains a healthy pace of expansion at the outset of the year

March 14, 2019

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.

Panelists surveyed for this month’s LatinFocus report expect GDP to expand 0.8% in 2019, which is unchanged from last month’s forecast, and 1.2% in 2020.


Author:, Economist

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Ecuador Economic Activity January 2019

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


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