Ecuador: Growth in economic activity doubles in April
June 11, 2015
In April, economic activity increased 8.0% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). April’s expansion marked a significant improvement over the previous month’s figure of 3.8% and was the highest result in four months.
On a month-on-month basis, economic activity in April increased 1.02% in seasonally-adjusted terms, which was above the 0.64% increase recorded in March. Annual average growth in economic activity picked up in April to 4.8% from March’s reading of 4.3%.
Author: Robert Hill, Economist