Ecuador: Decline in economic activity moderates in February
Economic activity dropped at a softer pace of 2.1% in annual terms in February, following January’s 5.0% fall. However, the result marked the 13th consecutive month of contracting economic activity.
On a month-on-month basis, economic activity rose 1.4% in February, edging up from January’s 1.3% increase. Meanwhile, the trend deteriorated, with the annual average variation of economic activity coming in at minus 10.2%, down from January’s minus 10.1%.