Industry in Ecuador
Ecuador - Industry
Growth is expected to have deteriorated in the second quarter, as IMF-mandated fiscal consolidation measures and falling real wage growth weigh on economic activity. That said, activity picked up throughout Q2 and export growth bounced back in the quarter on a surge in oil sales at the beginning of the period, reflecting higher oil prices. Furthermore, the belt-tightening reforms have led to an improved fiscal position, with the budget surplus widening in April–May, while international reserves trended up strongly in the first two quarters and remained solid at the outset of Q3 despite sliding in July. In the political arena, on 8 August, the National Court of Justice ordered the preventive detention of former-President Rafael Correa and four close party aides over briberies linked to the awarding of public-sector contracts and illicit funding of the Alianza País party.Ecuador - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | - | - | - | - | - |
Ecuador Industry Chart
Ecuador Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 25,000 | 0.0 % | Sep 04 |
| Stock Market | 1,329 | 0.17 % | Sep 04 |
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Economic News
Ecuador: Inflation slides in August
September 5, 2019
Consumer prices declined 0.1% in August, contrasting a 0.1% rise in July.
Ecuador: Economic activity accelerates in June
August 21, 2019
Economic activity rose 2.2% over the same month of the previous year in June, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador.
Ecuador: Inflation continues on upward trend in July
August 6, 2019
Consumer prices rose 0.1% in July, after coming in flat in June.
Ecuador: Economic activity picks up in May but remains weak
July 12, 2019
Economic activity rose 1.9% over the same month of the previous year in May, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador.
Ecuador: Inflation rises in June
July 4, 2019
Consumer prices decreased 0.04% in June, slightly down from May’s flat result, as lower food prices were only partly offset by higher costs for transport and healthcare.
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