Business confidence in Cape Verde rose to 12 in the third quarter of 2019, its highest level since Q4 2018, from 11 in the prior period, as sentiment improved in transportation services (36 from 34 in Q2), trade fair (14 from 8) and construction (-26 from -29). Meanwhile, it deteriorated slightly in tourism (14 from 16) and manufacturing (11 from 12). Business Confidence in Cape Verde averaged 2.37 Index Points from 2002 until 2019, reaching an all time high of 20 Index Points in the fourth quarter of 2007 and a record low of -15 Index Points in the first quarter of 2015.
Business Confidence in Cape Verde is expected to be 15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Cape Verde to stand at 14.00 in 12 months time. In the long-term, the Cape Verde Business Confidence is projected to trend around 18.00 points in 2020, according to our econometric models.