Cape Verde’s economic growth rate rises in fourth quarter of 2013

27 January 2014

Cabo Verde’s economic climate indicator in the fourth quarter of 2013 kicked the downward trend of previous quarters despite remaining below average for the series, the National Statistics Institute (INE) said.

In a statement published Friday, INE said that the economic climate indicator had worsened as compared to the same period of 2012, and the country’s economic outlook remained unfavourable.

The economic climate index is calculated based on a panel of interviewees made up of business owners from the construction, retail, tourism, manufacturing industry and transport and related services sectors.

The only sectors with a positive outlook, according to INE, are tourism, in which the confidence indicator posted its highest level in the last eight quarters, and market trading, despite the confidence indicator worsening against the same quarter of 2012. (macauhub)