Industrial production in Angola shrank 3.2 percent year-on-year in the third quarter of 2019, following a 0.9 percent decrease in the previous period. This was the fourteenth straight month of downturn in industrial activity. Output fell for mining & quarrying (-7.8 percent vs -4.2 percent in Q2), due to oil extraction (-8.6 percent vs -3.9 percent) while diamonds output rebounded sharply (41.4 percent vs -10.5 percent). Water supply also posted a significant decline (-9.7 percent vs -12.4 percent). In contrast, production grew notably for manufacturing (14.9 percent vs 4.5 percent), namely petroleum products, chemicals and others (52.3 percent vs 19.7 percent) and electricity, gas and steam (13.4 percent vs 7.9 percent). On a quarterly basis, industrial production fell 3.4 percent, after increasing 1.3 percent in the previous quarter.
Industrial Production in Angola averaged -0.46 percent from 2011 until 2019, 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. source: Instituto Nacional de Estatística, Angola
Industrial Production in Angola is expected to be -2.60 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 -5.00 in 12 months time. In the long-term, the Angola Industrial Production is projected to trend around 1.00 percent in 2020, according to our econometric models.