Ecuador: Growth in economic activity accelerates to 14-month high in December
February 10, 2015
In December, economic activity increased 9.9% over the same month of the previous year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). The expansion marked an acceleration from November’s 2.2% rise and was the strongest expansion in 14 months.
As a result of December’s robust growth, annual average growth in economic activity rose from November’s 3.8% to 4.9% in December, which marked the fastest pace of growth in four months.