The economy of Ecuador shrank 7.6 percent year-on-year in October 2019, following a 15.2 percent contraction in the previous month. Output declined less in wholesale & retail trade (-12.6 percent vs -26.1 percent in September); while rebounded in construction (37.6 percent vs -52.9 percent) and hotels & restaurants (12.7 percent from -7.7 percent). Also, growth accelerated in public administration & defense (10.8 percent vs 1.8 percent). On the other hand, output shrank in fishing (-2.5 percent vs 9.8 percent) and contracted further in manufacturing (-3.8 percent vs -0.2 percent); agriculture, forestry & fishing (-3.3 percent vs -2.6 percent); education (-13.1 percent vs 12.2 percent); and financial intermediation (-6.3 percent from -2.6 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. This page provides - Ecuador Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Leading Economic Index in Ecuador is expected to be 0.30 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 0.60 in 12 months time. In the long-term, the Ecuador IAE is projected to trend around 1.50 percent in 2021, according to our econometric models.