Ecuador: Growth in economic activity contracts for first time in over a year in January
March 13, 2015
In January, economic activity decreased 2.1% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). The print contrasted December’s 9.9% rise and was the first contraction since December 2013.
As a result of January’s deterioration, annual average growth in economic activity decreased from December’s 4.9% to 4.5% in January.