The economy of Ecuador advanced 13.4 percent year-on-year in September 2018, quickening from a 5.5 percent growth in the previous month. It was the strongest expansion since March 2017. Faster growth was mainly seen in construction (121.5 percent vs 9.6 percent in August) and trade (27.5 percent vs 7.3 percent) while output rebounded in hotels & restaurants (1.3 percent vs -5.9 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 3.40 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 1.50 in 12 months time. In the long-term, the Ecuador IAE is projected to trend around 2.00 percent in 2020, according to our econometric models.