The economy of Ecuador shrank 0.1 percent year-on-year in February 2019, following a 0.7 percent contraction in the previous month. Output fell less for agriculture, forestry & fishing (-5.2 percent from -5.9 percent in January); while rebounded for fishing (29 percent from -1.9 percent); mining & quarrying (30.3 percent from -5.4 percent); retail & wholesale trade (-2.6 percent from -0.1 percent); and public administration (8.3 percent from -2.5 percent). Also, output went up further for education (22.6 percent from 6.7 percent); and social services & health (8.8 percent from 6.1 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 3.00 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.