Ecuador: Economic activity accelerates in July
According to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador, economic activity grew 4.0% over the same month of the previous year in July, after a 3.0% year-on-year expansion in June (previously reported: +3.8% year-on-year). July’s print marked the best reading since November 2014.
In month-on-month, seasonally-adjusted terms, economic activity rose 0.6% in July. The print matched June’s revised expansion (previously reported: +0.8% month-on-month).