Angola Industrial Production

Industrial Production in Angola decreased 2.20 percent in the fourth quarter of 2013 over the same quarter in the previous year. Industrial Production in Angola is reported by the Instituto Nacional de Estatística, Angola. Industrial Production in Angola averaged 1.76 Percent from 2011 until 2013, reaching an all time high of 8.80 Percent in the third quarter of 2012 and a record low of -9 Percent in the second quarter of 2011. In Angola, industrial production measures the output of businesses integrated in the industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Angola Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.20 2.30 8.80 -9.00 -2.72 | 2014/03 2011 - 2013 Percent Quarterly

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Angola Industrial Production
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Business Last Previous Highest Lowest Forecast Unit
Business Confidence 16.00 2013-12-31 18.00 31.00 2.00 21.11 2014-03-31 [+]
Industrial Production -2.20 2013-12-31 2.30 8.80 -9.00 -2.72 2014-03-31 Percent [+]
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Industrial Production | Notes
The data given on this page shows a year over year change in a seasonally adjusted Industrial Production Index. Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation.


RELATED NEWS

Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates  
At its March 31st, 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, but raised the liquidity absorption rate by 25 bps to 1.5 percent and cut the standing lending facility rate by 25 bps to 10 percent.
Angola Inflation Rate Decelerates  
In February of 2014, Angolan annual inflation rate slowed to 7.48 percent, after accelerating in January for the first time in eight months.
Angola Holds Key Rate Steady  
At its February 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, while raising the liquidity absorption rate by 50 bps to 1.25 percent. The standing lending facility rate was kept unchanged at 10.25 percent.
Angola Inflation Rate Accelerates in January  
In the first month of 2014, Angola’s annual inflation accelerated for the first time in eight months to 7.84 percent.
National Bank of Angola Leaves Rate Unchanged at 9.25%  
In its January 2014 meeting, the National Bank of Angola decided to leave the benchmark interest rate unchanged at 9.25 percent. It also decided to reduce the required reserve ratio in local currency from 15 percent to 12.5 percent, aiming to increase credit to the economy and reduce the cost of financial intermediation.
Angola Inflation Rate at 7.69% in December  
In December of 2013, Angola inflation rate kept its downward trend and slowed even further to 7.69 percent. On a monthly basis, prices accelerated for the third straight month mainly due to higher food and housing cost.
National Bank of Angola Leaves Monetary Policy Unchanged  
The National Bank of Angola decided on December 23rd to leave the benchmark interest rate unchanged at 9.25 percent, following last month’s cut. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
Angola Inflation Rate Slows Even Further in November  
In November of 2013, Angola annual inflation rate eased to 7.94 percent, from 8.38 percent in October. A year ago, the inflation rate slightly accelerated to 9.83 percent.
National Bank of Angola Cuts Rate by 50 bps  
The National Bank of Angola decided on November 25th to cut the benchmark interest rate for the second time this year by 50 bps to 9.25 percent, citing falling inflation. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
Angolan Inflation Rate Down to Record Low in October  
In October of 2013, Angolan annual inflation rate slowed to 8.38 percent, its lowest level on record. Inflation a year ago was recorded at 9.76 percent.
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