The economy of Ecuador shrank 7.9 percent year-on-year in August 2019, following a 5.4 percent contraction in the previous month. Output declined further in manufacturing (-3.6 percent vs -2.1 percent in July); wholesale & retail trade (-12.3 percent vs -8.3 percent); and public administration & defense (-19.6 percent vs -0.5 percent). Additionally, output contracted in agriculture, forestry & fishing (-3.3 percent vs 3.2 percent); education (-4.2 percent vs 6 percent); and fishing (-1.8 percent vs 3.4 percent). Also, growth slowed in hotels & restaurants (0.3 percent from 2.7 percent); financial intermediation (0.3 percent from 2.7 percent); and utilities (2.5 percent vs 6.4 percent). Leading Economic Index in Ecuador averaged 7.11 percent from 2003 until 2018, reaching an all time high of 110.99 percent in February of 2003 and a record low of -34.40 percent in January of 2009.

Leading Economic Index in Ecuador is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Ecuador to stand at 0.50 in 12 months time. In the long-term, the Ecuador IAE is projected to trend around 1.50 percent in 2020, according to our econometric models.

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Ecuador IAE

Actual Previous Highest Lowest Dates Unit Frequency
-7.90 -5.40 110.99 -34.40 2003 - 2019 percent Monthly
2002=100


Ecuador IAE
In Ecuador, the IAE - Índice de Actividad Económica - estimates the activity of the different economic sectors of the economy in a given month, using the value of sales and comparing it with the base year.

Ecuador Business Last Previous Highest Lowest Unit
Business Confidence 1466.10 1456.40 1466.10 402.80 points [+]
Changes in Inventories 4817.00 83637.00 578608.00 -236838.00 USD THO [+]
Leading Economic Index -7.90 -5.40 110.99 -34.40 percent [+]
Internet Speed 6150.50 6336.72 6336.72 516.48 KBps [+]
IP Addresses 787799.00 772123.00 999895.00 98228.00 IP [+]
Steel Production 45.00 55.00 71.00 0.00 Thousand Tonnes [+]
Manufacturing Production 18.10 6.80 18.10 -16.99 percent [+]
Ease of Doing Business 129.00 123.00 138.00 114.00 [+]
Crude Oil Rigs 5.00 7.00 28.00 1.00 [+]
Corruption Index 34.00 32.00 35.00 20.00 Points [+]
Corruption Rank 114.00 117.00 151.00 39.00 [+]
Competitiveness Index 55.74 55.85 55.85 3.55 Points [+]
Competitiveness Rank 90.00 86.00 105.00 71.00 [+]