Business Confidence in Mozambique decreased to 73.20 points in July from 75.10 points in June of 2020.

Business Confidence in Mozambique averaged 98.80 points from 2004 until 2020, reaching an all time high of 104.30 points in September of 2006 and a record low of 73.20 points in July of 2020. This page provides the latest reported value for - Mozambique Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mozambique Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Business Confidence in Mozambique is expected to be 86.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Mozambique to stand at 88.00 in 12 months time. In the long-term, the Mozambique Business Confidence is projected to trend around 93.00 points in 2021 and 96.00 points in 2022, according to our econometric models.

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Mozambique Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
73.20 75.10 104.30 73.20 2004 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 04:00 PM Aug 97.0 98.2 96
2019-11-18 01:05 PM Sep 93.6 96.8 97.2
2019-12-04 01:30 PM Oct 92.5 93.5 93.2
2019-12-30 01:35 PM Nov 92.8 92.5 93.7

News Stream
Mozambique Business Morale Edges Up in November
Business confidence in Mozambique increased to 92.8 in November 2019 from 92.5 in the preceding month, as prospects improved regarding demand (97.6 from 95.1 in October) and employment (92.7 from 92.4). However, prices are expected to increase slightly less (94.3 from 94.6). Across sectors, sentiment rose in internal trade (102.7 from 101.1), construction (99.5 from 88.1); accommodation & catering services (99.1 vs 92.6) and transportation services (98.3 from 95.0), but weakened in manufacturing (81.0 from 83.9) and other services (92.3 from 93.6).
Mozambique Business Confidence Lowest since 2016
Business confidence in Mozambique decreased to 92.5 in October 2019 from a dowanwardly revised 93.5 in the previous month. This was the lowest reading since December 2016, as expectations deteriorated regarding demand (95.1 from 96.7 in September) and employment (92.4 from 92.5). In contrast, prices are expected to rise faster (94.6 from 94.0). Across sectors, sentiment weakened in construction (88.1 from 91.7), manufacturing (83.7 from 87.0) and transportation services (95.0 from 99), but rose in accommodation & catering services (92.6 from 85.3), other services (93.6 from 85.4) and trade (101.1 from 98.5).
Mozambique Business Sentiment Lowest since 2017
Business confidence in Mozambique declined to 93.6 in September 2019 from a downwardly revised 96.8 in the previous month. It was the lowest reading since January 2017, as expectations deteriorated regarding demand (96.6 from 102.6 in August) and employment (87.6 from 93.3). Meanwhile, prices are expected to rise much faster (94.0 from 92.4). Across sectors, sentiment weakened in accommodation & catering services (85.2 from 97.7), manufacturing (86.8 from 93.8), construction (91.6 from 100.3), other services (85.5 from 95.4) and transportation services (99.0 from 99.2).
Mozambique Business Sentiment Lowest in 3 Months
Business confidence in Mozambique fell to 97 in August 2019, its lowest level since May, from 98.2 in the prior month, amid declines in current opinion about employment (91.2 from 92.7 in July) and expected prices (91.6 from 92.0). Meanwhile, prospects for both demand (100.3 from 99.6) and employment (95.8 from 93.8) improved. Across sectors, sentiment weakened in manufacturing (92.5 from 93.6), construction (103.5 from 105.3) and other services (101.1 from 107.7), but strengthened in accommodation & catering services (90.6 from 89.4), transportation (96.4 from 95.1) and trade (101.8 from 96.0).

Mozambique Business Confidence
In Mozambique, the Economic Climate Indicator (ECI) measures the level of optimism executives have about current and expected developments in production, sales, employment, inventories, etc. The indicator is based on a sample of around 850 companies from the main sectors of the economy (Wholesale/Retail Sales, Construction, Manufacturing, Transports, Hotels and Restaurants). For each of the indicators measured, the net difference between the number of positive responses and the number of negative responses is computed. The final index (ECI) is then calculated as a simple average of those balances. The ECI value above 100 indicates an improving outlook and a value below 100 indicates a deteriorating outlook.