Industry in Ecuador
Ecuador - Industry
Available data for the second quarter suggests economic growth remains tepid after the economy expanded at the weakest pace since Q4 2016 in the first quarter. The government’s drive to achieve greater fiscal consolidation has slowed the pace of recovery. On the upside, economic activity accelerated for the fourth consecutive month in May, rising at the swiftest pace in over a year amid still-strong private sector credit growth. Oil production picked up markedly from the previous month, although it fell well short of the level seen in the same month of last year, owing to the OPEC oil cutback agreement. The upturn in oil prices helped swing the current account from deficit in the previous two quarters into surplus in Q1. On the downside, the external sector continued to drag on the economy’s performance in May as imports outpaced exports. On 31 July, the Central Bank revised down its GDP growth estimate for 2017 due to weaker figures on domestic demand and the contribution of the external sector.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 % | Aug 15 |
| Stock Market | 1,340 | 0.17 % | Aug 15 |
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Economic News
Ecuador: Consumer prices on an annual basis fall by smaller magnitude in July
August 6, 2018
Consumer prices came in flat over the previous month in July, contrasting a 0.27% month-on-month decline in June.
Ecuador: Economic activity accelerates in May
July 18, 2018
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity increased 3.8% over the same month of the previous year in May, marking a faster expansion than the revised 2.6% year-on-year rise in April (previously reported: +1.7% year-on-year).
Ecuador: Consumer prices on an annual basis continue on downward trend in June
July 6, 2018
Consumer prices declined 0.27% over the previous month in June, marking a bigger drop than the revised 0.18% month-on-month fall in May.
Ecuador: Economy slows markedly in Q1 amid drive to strengthen fiscal metrics
July 3, 2018
Ecuador’s economic recovery lost considerable ground in the first quarter, with the economy growing at a substantially weaker pace compared to the preceding quarter: Annual GDP growth slowed to 1.9% in Q1, down from 3.0% in Q4.
Ecuador: Economic activity in April grows at twice the pace of March
June 15, 2018
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity rose 1.7% over the same month of the previous year in April, marking a bigger increase than the revised 0.8% year-on-year upturn in March (previously reported: +1.1% year-on-year).
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