Ecuador: Economic activity accelerates in November
January 15, 2011
In November, the monthly indicator for economic activity (IDEAC, indice de Actividad Economica Coyuntural) rose 12.1% over the same month last year, which represented an acceleration over the 9.2% increase recorded in October. A month-on-month comparison corroborates the improvement seen in annual figures, as economic activity expanded a seasonally-adjusted 1.01% over the previous month, which was above the 0.77% increase recorded in October. Moreover, the trend continues to point upwards, with annual average growth jumping to 11.2% in November from 9.5% in October.
Author: Armando Ciccarelli, Head of Data Solutions