Business Confidence in Angola decreased to -24 points in the third quarter of 2020 from -21 points in the second quarter of 2020. source: Instituto Nacional de Estatística, Angola

Business Confidence in Angola averaged 0.94 points from 2008 until 2020, 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 March of 2021.

Business Confidence in Angola is expected to be -16.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Angola to stand at -8.00 in 12 months time. In the long-term, the Angola Business Confidence is projected to trend around -8.00 points in 2021 and -6.00 points in 2022, according to our econometric models.

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Angola Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-24.00 -21.00 31.00 -34.00 2008 - 2020 points Quarterly
NSA


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.