Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


  •  The Industrial Production Index (IPI) for the 1st Quarter 2023 recorded a year-on-year drop of 5.9%, due to the 8.1% contraction in oil production, which represents 85% of the index.

  •  In Q1 2023, the Consumer Confidence Indicator (ICC) grew compared to the same period last year, despite the quarterly drop.

  •  The monetary base (M0) in local currency, operational variable of the monetary policy, in May, fell 12.45% yoy to 1.5 trillion.

  •  Fitch Ratings has revised the outlook on Angola's long-term default rating to stable.

Best regards,

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