Industry in Ecuador
Ecuador - IndustryGDP contracted for the first time in three years, albeit mildly, in the third quarter of 2019 on the back of shriveling domestic demand. Fixed investment shrank at a quicker rate in Q3 compared to the previous quarter as did public spending amid the government’s belt-tightening efforts. Meanwhile, export growth lost traction in Q3 due to a slowdown in oil production. In other news, after concluding its review of the country’s economic performance on 19 December, the IMF approved a new disbursement of nearly USD 500 million as part of the country’s reform program under the Extended Fund Facility arrangement. The IMF cited the country’s commitment to fiscal prudence and the revised tax reform, which was approved on 9 December and aims to raise USD 600 million this year (previously: USD 700 million) largely though increased corporate income taxes.
Ecuador - Industry Data
|Industrial Production (annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Ecuador Industry Chart
|Exchange Rate||25,000||0.0 %||Dec 31|
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February 6, 2020
Consumer prices rose 0.2% over the previous month in January, following December’s flat reading.
January 14, 2020
In November, economic activity fell 0.3% over the same month of 2018, according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador.
January 7, 2020
Consumer prices were stable over the previous month in December, following their 0.7% drop in November.
January 2, 2020
The economy contracted for the first time since Q3 2016 in the third quarter as GDP fell 0.1% on an annual basis, contrasting the revised 0.6% expansion in the second quarter (previously reported: +0.3% year-on-year).
December 17, 2019
In October, economic activity fell 0.6% over the same month of the previous year, according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador.