The Central Bank of Ecuador’s (BCE) recent report on economic growth placed the indicator at 2 % for the month of June, with the main contributions coming from the services (2.6 %), manufacturing (3.8 %), construction (3.4 %), and trade (2.1 %) sectors.

“This result reflects greater dynamism in most economic activities, which offset the contractions recorded in oil and mining, as well as in agriculture, livestock, forestry, and fishing,” the BCE stated in a press release.

The services sector is the main contributor to the monthly growth indicator, with a year-on-year expansion of 2.6 % and a contribution of 1.2 percentage points. This is directly related to the increase in electricity generation and greater lending activity in the financial system.

The trade sector grew by 4.0 % compared to the same period in 2025 and contributed 0.6 percentage points to the indicator’s growth. Manufacturing saw growth of 4.2 %, and construction grew by 3.9 %.

Contraction in other sectors

In the oil and mining sector, the report revealed a contraction of 3.4 %, largely due to a reduction in domestic crude oil production and the volume of mining exports.

This is compounded by a 1.5 % reduction in areas such as agriculture, livestock, forestry, and fishing, “in a context of lower export volumes of cocoa, bananas, and fisheries and aquaculture products, according to data from the Central Bank of Ecuador.”

M.Pino

Source: bancaynegocios

(Reference image source: Josh Beech on Unsplash)

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