Africa-Press – Angola. With the loss of purchasing power, the overwhelming majority of Angolans will not be able to purchase valuable goods, such as houses and cars, in the next two years. And they fear that prices will rise in the course of 2025.
For more than five years, Angolan consumer confidence has been negative, a situation aggravated by unemployment and the deterioration of the country’s economic conditions. Consequently, more than 70% of families have no plans to acquire valuable assets, such as their own home or even a vehicle (car), since, as they justify, it is not possible to create savings in the current context.
In the last quarter of 2024, the Consumer Confidence Indicator (CCI) recorded an increase in deterioration by adding 9.3 points compared to the same period of the previous year, closing the year at -19.7 points. Compared to the third quarter of 2024, the reduction is slighter (0.1 points).
During the four quarters of 2024, the trend of worsening consumer confidence continued, sinking a further 5.6 points by the end of the year. It was a long way from the single digits it reached in the first quarter of 2022 (-8.4 points) after eight quarters with considerably low levels. In partial terms, in the last five years, the quarters with the lowest levels of confidence are the third and fourth quarters of 2020 with -21.4 and -19.9 points, respectively. The fourth quarter of 2024 is the third with the lowest score in terms of confidence, followed by the previous quarter with -19.6 points.
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