Industry in Ecuador

Ecuador Industry | Economic News & Forecasts

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 %)-     -     -     -     -     

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Ecuador Industry Chart


Ecuador Industry

Ecuador Facts

ValueChangeDate
Exchange Rate25,0000.0 %Sep 04
Stock Market1,3290.17 %Sep 04

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