Angola: Economic sentiment improves slightly in Q2, but remains pessimistic
September 11, 2017
The economic climate indicator (ICE, Indicador de Clima Económico), published by the National Statistical Institute, rose from minus 24 points in Q1 to minus 21 in Q2. Despite the uptick, the index remains entrenched deep in negative territory, where it has been since Q3 2015.
The uptick was driven by improving business sentiment in the tourism, mining, construction and communications sectors, while the manufacturing, trade and transport industries saw business sentiment deteriorate relative to Q1. All series remain below their respective long-run averages.
Author: Oliver Reynolds, Economist