Angola: Economic sentiment plunges to yet another record low in Q2
September 9, 2016
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, plummeted from minus 29 in the first quarter to minus 34 in the second quarter, hitting a new record low. The index is now even further below its plus 15-point historical average.
The second quarter’s slowdown was broad-based, with all seven components of the index dropping and scoring below their averages. The largest decreases were seen in construction and tourism.