Angola Business Confidence2022 Data - 2023 Forecast - 2008-2021 Historical - Chart

Name: Angola Business Confidence
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Angola,Business Confidence,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Business Confidence in Angola increased to 6 points in the first quarter of 2022 from 1 points in the fourth quarter of 2021. source: Instituto Nacional de Estatística, Angola

Business Confidence in Angola averaged 0.38 points from 2008 until 2022, reaching an all time high of 31 points in the second quarter of 2009 and a record low of -34 points in the second quarter of 2016. This page provides the latest reported value for - Angola Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola Business Confidence - values, historical data and charts - was last updated on July of 2022.

Business Confidence in Angola is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Business Confidence is projected to trend around -3.00 points in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Business Confidence	6.00	1.00	points	Mar 2022
Industrial Production	2.54	5.20	percent	Mar 2022
Industrial Production Mom	1.10	0.70	percent	Dec 2021
Manufacturing Production	7.40	10.60	percent	Dec 2021

Angola Business Confidence

In Angola, the Economic Climate Indicator (ECI) provides indication of the level of optimism executives have about current and expected developments in production, sales, employment, inventories, etc. The indicator is based on a sample of around 630 companies, representing different sectors of the economy and located in Luanda, Benguela, Huíla and South Cuanza. For each of the indicators measured, the net difference between the number of positive responses and the number of negative responses is computed. The final global index (ECI) is then calculated as a simple average of those balances. The ECI above the average value (10) of the series indicates an improving outlook. The ECI below the average value of the series indicates a deteriorating outlook.