The data are contained in the Quick Information Sheet (FIR) on the economic situation for companies in the first quarter of 2022 released by the National Institute of Statistics (INE), revealing the intensity of the main variables of the confidence indicator (CI) of the Extractive Industry sectors , Manufacturing Industry, Construction, Commerce, Tourism and Transport, taking into account the opinions of 1638 companies distributed in 18 provinces.
The purpose of the survey is to analyze the Economic Climate in Angola, with most sectors under analysis showing a positive year-on-year trend and evolution and a favorable economic environment for companies.
From the data obtained in the first quarter of 2022, it was observed that the economic climate remained favorable, with the CI maintaining the upward trend of the last six consecutive quarters, evolving positively in relation to the same period of the previous year and remaining above the average of the series started in 2008 .
The Confidence Indicators of the Manufacturing and Construction sector showed a positive trend, evolved favorably in relation to the same period of the previous year and remained above the series average, according to INE.
The business environment became favorable for the manufacturing industries and remained unfavorable for the Construction sector, despite the CI maintaining an upward trend for seven consecutive quarters.
The lack of materials, the high level of interest rates and insufficient demand were the main constraints identified by businesspeople in the sector associated with excessive bureaucracy and the deterioration of sales prospects.
The economic environment is also favorable for companies in the Extractive Industry and Tourism sector, as the indicators showed an upward trend and evolved positively in relation to the same period last year, remaining above the series average.
The economic situation is still favorable for companies in the Communication and Transport sector, as in the case of commerce, despite the negative trend of the indicator.
In the opinion of businessmen linked to commerce, insufficient demand, financial difficulties, excessive bureaucracy and state regulations were the main constraints in the quarter. Stock-outs and excessively high sales prices also constrained the activities of commercial companies.