Angola Business Confidence
Business Confidence in Angola increased to -4 points in the fourth quarter of 2019 from -7 points in the third quarter of 2019. Business Confidence in Angola averaged 2.33 points from 2008 until 2019, 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. 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. 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.