Ver Angola

Economy

INE: families confidence continued to increase in the second quarter

The confidence of Angolan families continued to increase in the second quarter of 2022, registering the highest value since the beginning of the series started in the fourth quarter of 2019, according to the National Statistics Institute (INE).

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The Consumer Situation Statistics are produced based on qualitative surveys of opinion in a sample of 3000 Angolan families, from the 18 provinces of the country.

They allow inferences about the analysis and interpretation of the evolution of the economic and financial situation of families in a short time horizon, the economic situation of the country with regard to the behavior of some significant variables, such as unemployment and finances, and also about the expectations of evolution of the country's economy.

Families have observed, in the last 12 months, a decrease in unemployment in the country, as well as a strong fall in the prices of goods and services.

For respondents, both the country's economic situation and that of families evolved positively compared to the same period in 2021, the document points out, adding that a sharp drop in the prices of goods and services is expected in the next 12 months.

In the second quarter of this year, 22.6 percent of respondents said that it is possible to save money, which represents a decrease of 0.4 percentage points compared to the same period last year.

As for a possible car purchase, only one in 100 respondents said they are absolutely sure they will buy a car in the next two years and seven in 100 respondents said they are likely to buy a car in the next two years.

When it comes to buying or building a home, approximately eight out of 100 respondents said they are absolutely sure they will buy or build a home in the next two years, while 19 out of 100 respondents said they are likely to build or buy a home in the next two years. next two years, representing an increase of 0.4 percentage points compared to the same quarter of the previous year.

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