Angola Economic Sentiment Q2 2020

Angola: Economic sentiment in the second quarter records worst reading since Q2 2017

The economic sentiment index came in at minus 21.0 in the second quarter, down from the first quarter’s minus 15.0. Q2’s result marked the weakest sentiment since the second quarter of 2017. The fall in confidence likely reflected the impact of Covid-19 and associated containment measures on economic activity in the quarter.

Data on a sector level showed that the deterioration in business confidence was broad-based, as all but one sector recorded a drop in sentiment levels—the sole sector where confidence rose was commerce; however, it remained firmly entrenched in negative territory. Moreover, confidence levels in all sectors except communication remained in pessimistic territory; sentiment in the communication sector dipped but remained optimistic.

Looking ahead, economic sentiment is likely to remain depressed as the economy continues to feel the pinch from coronavirus-related uncertainty and the drop in global economic activity, as well as still-low oil prices.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest