Industrial production in Angola grew 2.8 percent year-on-year in the first quarter of 2020, recovering from a1.7 percent decrease in the previous period. It was the first increase in industrial activity since the first quarter of 2016, driven by manufacturing (8.6 percent); electricity, gas & steam (5.5 percent) and mining (3.4 percent). Meanwhile, the water supply sector contracted (-4.2 percent). On a quarterly basis, industrial production advanced 3.8 percent, after rising 1.2 percent in the previous period.
Industrial Production in Angola averaged -0.40 percent from 2011 until 2020, reaching an all time high of 12.20 percent in the first quarter of 2015 and a record low of -9.90 percent in the first quarter of 2017. This page provides - Angola Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Angola Industrial Production - values, historical data and charts - was last updated on September of 2020. source: Instituto Nacional de Estatística, Angola
Industrial Production in Angola is expected to be -6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Angola to stand at 0.30 in 12 months time. In the long-term, the Angola Industrial Production is projected to trend around -1.30 percent in 2021 and 1.30 percent in 2022, according to our econometric models.