Angola Business Confidence


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.

LatinFocus Consensus Forecast panelists expect fixed investment to grow 4.1% in 2015, which is down 0.3 percentage points from last month’s estimate. In 2016, the panel expects private investment to increase 6.0%.

Author:, Senior Economist

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Angola Business Confidence Chart

Angola Business Confidence Q414

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

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