Ecuador Economic Activity

Ecuador

Ecuador: Growth in economic activity inches up in February

April 10, 2015

In February, economic activity increased 0.2% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Indice de Actividad Economica Coyuntural). The print contrasted January’s 0.9% contraction (previously reported: -2.1% year-on-year).

Despite February’s weak expansion, annual average growth in economic activity decreased from January’s 4.6% to 4.3% in February.

FocusEconomics Consensus Forecast participants see GDP growing 1.3% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect the economy to expand 2.6%.


Author:, Economist

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Ecuador Economic Activity Chart


Ecuador Economic Activity February 2015

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


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