Ecuador Economic Activity November 2022

Financial exercise elevated by 4.0% in November in comparison with the identical month final 12 months, forward of October’s improve of 1.2%. Weaker shopper and producer value progress may have supported exercise, whereas decrease oil manufacturing figures probably prevented a bigger improve within the complete.

In the meantime, annual common financial progress continued its downward pattern, falling to 7.7% in November (October: +8.6%), marking a greater than one-year low.

FocusEconomics panelists estimate that the economic system will develop by 2.9% in 2023, down 0.1 share level from final month’s forecast, and by 3.4% in 2024.