Angola: Economic sentiment deteriorates in Q4
April 23, 2015
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, fell from 19 in the third quarter of last year to 16 in the fourth quarter, thus reaching the lowest level since Q2 2013. As a result of the decrease, the index is now at its 16-points historical average.
Q4’s slowdown was broad-based. The construction and trade sectors deteriorated over the previous quarter and reached their lowest level in one and four years, respectively. In addition, mining also slowed over the third quarter and recorded its lowest reading since Q1 2011.
Author: Dirina Mançellari, Senior Economist