The Industrial Production Index (IPI) grew 1.9 percent in the first quarter of this year, with a year-on-year variation of 5.0% influenced by the 3.5 percent increase in production in the extractive sub-sector.
According to data from the National Statistics Institute (INE), the manufacturing subsector registered a 1.0 percent increase, while the production and distribution of electricity, gas and steam grew 0.5 percent.
These figures, the report explains, “reflect a natural stabilization movement, following three consecutive quarters of robust growth”.
The IPI is an indicator that measures the evolution of the structure of added value in industry, in terms of production volume, over a given period of time and geographical space.
For this survey, INE used 351 establishments nationwide as a base, with Luanda province standing out with 50 percent of the total number of respondents.
The institute said the variation is considered part of the process of industrial expansion and consolidation, which has been fueled by policies to encourage production and the modernization of infrastructures.
Despite this adjustment, the report said, the industrial sector continues to display impressive strength, with the extractive and manufacturing industries playing a crucial role in sustaining the national economy.
The data show that despite this correction, industrial activity maintained robust growth of 3.4% compared to the previous quarter, a performance that is a strong indication of the sector’s ability to adapt and continue to grow, even in the face of global challenges.
The extractive industries sector, which includes oil and diamond mining, remains the core of the economy, contributing significantly to production increase.
Oil production, for example, grew 6.0 percent compared to the same quarter in 2023, while the diamond sector increased 13.9 percent, driven by new exploration policies and improved extraction techniques.
Energy products index showed a positive variation of 6.2% compared to the same quarter in 2023, reflecting the strategies to modernize and increase production capacity in these key sectors.
Employees Index
The Index of Persons Employed grew by a remarkable 6.3 percent compared to the first quarter of 2023, surpassing the 1.6 percent recorded in the previous year.
This increase reflects not only companies’ confidence in expanding their operations, but also continued investment in human capital, which is seen as essential for the sector’s sustainable growth.
INE said the report aims to provide information on the structure, growth and productivity of the industrial sector in Angola in the reference period, as well as to produce basic statistical information for national accounts, the government, international organizations, academics, businesspeople and other users.
Further Africa
