Industry in Ecuador
Ecuador - Industry
An acceleration in economic activity throughout the third quarter suggests the economy sped up from Q2. While oil production was higher on average in Q3 compared to the previous quarter, the output of the petroleum sector in the first nine months was below the same period of last year, as the country’s state-owned oil company Petroamazonas EP slashed production. Reflecting the trend in oil production, export growth picked up in July and August before moderating in September. Meanwhile, a strong inflow of remittances has boosted household incomes and supported solid growth in private consumption. In other news, the government recently presented the 2019 budget to Congress. It aims to gradually reduce the fiscal deficit to 3.2%, mainly thanks to higher oil revenues and by cutting public sector wages.Ecuador - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 6.2 | 3.7 | -0.4 | -2.5 | 2.1 |
Ecuador Industry Chart
Ecuador Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 25,000 | 0.0 % | Nov 29 |
| Stock Market | 1,395 | 0.17 % | Nov 29 |
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Economic News
Ecuador: Economic activity grows at the fastest rate in almost four years in September
November 16, 2018
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity picked up in September, growing 4.8% over the same month of the previous year.
Ecuador: Inflation inches up in October after returning to growth in over a year in September
November 8, 2018
Consumer prices fell 0.05% over the previous month in October, contrasting a 0.39% month-on-month rise in September.
Ecuador: Economic activity grows at the swiftest pace in nearly four years in August
October 16, 2018
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity accelerated in August, growing 5.3% over the same month of the previous year, after expanding 4.0% year-on-year in July.
Ecuador: Consumer prices rebound in September
October 5, 2018
Consumer prices rose 0.39% over the previous month in September, following a 0.27% month-on-month increase in August.
Ecuador: Economy grows at the weakest pace in one-and-a-half years in Q2
October 1, 2018
Ecuador’s economy lost steam again in the second quarter, with annual GDP growth falling to 0.9%, down from 1.6% in the first quarter as the government’s austerity drive restrained the pace of expansion through weaker domestic demand.
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