Ecuador: Economic activity accelerates in May
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity increased 3.8% over the same month of the previous year in May, marking a faster expansion than the revised 2.6% year-on-year rise in April (previously reported: +1.7% year-on-year).
In month-on-month, seasonally-adjusted terms, economic activity rose 1.2% in May following a revised 1.1% expansion in April (previously reported: +0.9% month-on-month).