Cape Verde’s economic climate continued to improve in the second quarter, judged quarter-on-quarter. In addition, the year-on-year improvement indicates the economic outlook is positive, the country’s national statistics bureau, Instituto Nacional de Estatística de Cabo Verde (INECV), said.

Cape Verde’s economic climate indicator – which measures business confidence – was still negative, as it has been since 2012. But it registered in the second quarter of 2016 the highest quarterly value recorded in the past eight quarters, according to the bureau.

“The economic growth rate continues to accelerate in the second quarter of 2016, with a positive evolution compared to the same quarter last year. The economic outlook is favourable,” the bureau stated.

The bureau’s analysis is based on the views of business people from the construction, trade, tourism, manufacturing and transportation sectors.

The confidence index regarding the tourism sector continued to improve quarter-on-quarter between April and June this year. It registered its highest quarterly value in the last eight quarters, “showing positive outlook signs for the sector,” the bureau added.