Industry in Ecuador
Ecuador - Industry
Economic activity appears to have weakened last year on a downturn in domestic demand. A slowdown in remittance inflows, moderating credit growth and the return of inflation likely weighed on private consumption in the second half of the year, while fiscal austerity measures have curbed government spending. Liquidity problems, arising from the scarcity of additional funds needed to finance the weighty external debt and this year’s nearly USD 8 billion budget, prompted the country to issue USD 1 billion in 10-year government bonds at the end of January. The debt sale, which offered one of the highest yields since the financial crisis, surprised investors as the Andean nation has yet to complete talks with the IMF over a possible support program. The country is seeking to reconcile President Lenín Moreno’s “prosperity plan” with a clear commitment to balancing the books in order to strike a deal with the IMF.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 % | Feb 14 |
| Stock Market | 1,428 | 0.17 % | Feb 14 |
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Economic News
Ecuador: Economic activity accelerates again in December, growing at the fastest pace in over four years
February 14, 2019
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity accelerated for the tenth month running in December, expanding 6.6% over the same month of the previous year.
Ecuador: Inflation picks up in January
February 8, 2019
Consumer prices increased 0.47% over the previous month in January, following a 0.10% month-on-month rise in December.
Ecuador: Economic activity growth climbs to over four-year high in November
January 18, 2019
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity gained strength for the ninth consecutive month in November, growing 5.9% over the same month of the previous year.
Ecuador: Inflation inches down in December
January 7, 2019
Consumer prices rose 0.10% over the previous month in December, after declining 0.25% month-on-month in November.
Ecuador: Growth picks up in Q3 after the weakest reading in one-and-a-half years in Q2
January 2, 2019
Ecuador’s economy accelerated slightly in the third quarter, with annual GDP growth edging up to 1.4%, from the second quarter’s 1.2% year-on-year expansion—the slowest since Q4 2016.
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