Cabo Verde consumer confidence falls

27 November 2015

The consumer confidence indicator in Cabo Verde (Cape Verde) in the third quarter was the lowest in the series, having evolved negatively in the previous quarter, the National Statistics Institute (INE) reported Thursday.

INE also said that the indicator kept the downward trend of recent quarters, with the changes from the previous quarter meaning the negative assessment of the financial situation of households, economic situation of the country for the next 12 months and economic situation of each household with regard to same period of 2014.

The survey results revealed that the economic situation of Cape Verdean families and the country itself, developed negatively compared to the same quarter of 2014 and due to the economic situation families are unable to save.

For the next 12 months the economic situation of families and the country should evolve negatively year on year, said the Cape Verdean Institute. (macauhub/CV)