Angola Business Confidence Q1 2016


Economic sentiment plummets to a new record low in Q1

The economic climate indicator (ICE, Indicador de Clima Económico), which is published by the National Statistical Institute and covers the mining, manufacturing, construction, trade, transport and tourism sectors, nosedived from minus 20 in the fourth quarter to minus 29 in the first quarter, thus establishing a record low. As a result of the decrease, the index is now much further below its plus 15-point historical average.

Q1’s slowdown was broad-based, with all seven components of the index dropping and scoring below their averages. The biggest drops were seen in tourism and construction.

This month’s Consensus Forecast projects that fixed investment will grow 1.7% in 2016, which is unchanged from last month’s estimate. In 2017, our panel of analysts expects private investment to increase 3.8%.

Sample Report

Looking for forecasts related to Business Confidence in Angola? Download a sample report now.


Angola Business Confidence Chart

Angola Business Confidence Q116

Note: Economic Climate Indicator (ICE, Indicador de Clima Económico)
Source: National Statistical Institute (INE, Instituto Nacional de Estatística)

Angola Economic News

More news

Search form