The Standard Bank Mozambique PMI increased to 52.1 in October of 2021 from 50.4 a month earlier. The reading pointed to highest in four months and among the greatest recorded over the last six years, amid further easing COVID-19 restrictions. Output grew for first time in three months, while new orders grew for the second consecutive month, driven by a further recovery in client demand, while employment continued to rise. On the price front, input prices rose due to increases in both raw material and labour costs. Meanwhile, output charges increased modestly. Finally, business sentiment strengthened, amid hopes of a recovery from the pandemic. source: Markit Economics

Composite PMI in Mozambique averaged 49.07 points from 2019 until 2021, reaching an all time high of 52.90 points in June of 2021 and a record low of 37.10 points in April of 2020. This page provides - Mozambique Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mozambique Standard Bank PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Composite PMI in Mozambique is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mozambique Standard Bank PMI is projected to trend around 51.00 points in 2022 and 52.00 points in 2023, according to our econometric models.

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Mozambique Standard Bank PMI


Related Last Previous Unit Reference
Composite PMI 52.10 50.40 points Oct/21

News Stream
Mozambique Private Sector PMI Rises to 4-Month High
The Standard Bank Mozambique PMI increased to 52.1 in October of 2021 from 50.4 a month earlier. The reading pointed to highest in four months and among the greatest recorded over the last six years, amid further easing COVID-19 restrictions. Output grew for first time in three months, while new orders grew for the second consecutive month, driven by a further recovery in client demand, while employment continued to rise. On the price front, input prices rose due to increases in both raw material and labour costs. Meanwhile, output charges increased modestly. Finally, business sentiment strengthened, amid hopes of a recovery from the pandemic.
2021-11-03
Mozambique Private Sector Returns to Growth
The Standard Bank Mozambique PMI increased to 50.4 in September of 2021 from 47.9 a month earlier, signaling a slight recovery in overall business condition in the private sector economy, following an ease COVID-19 restrictions. New orders rose at a modest pace, due to an uplift in client demand. At the same time, employment increased with the rate of job creation accelerating from August. Meanwhile, output declined for the second month running, the rate of decline eased markedly from August and was only marginal. On the price front, input prices rose at one of the fastest rates in the past three years, due to increases in both purchase prices and salaries. As a result, output charges increased to the fastest pace since June. Finally, business sentiment strengthened, as the security improved and the COVID-19 restrictions loosened.
2021-10-06
Mozambique Private Sector Contracts the Most in 7 Months
The standard Bank Mozambique PMI decreased to 47.9 in August of 2021 from 51.8 a month earlier. The reading pointed to the biggest contraction in private sector activity in 7 months, as output, new orders and purchasing fell at the quickest rates since January, amid tightened lockdown rules. Sector-wise, manufacturing and services were the worst hit, with agricultural firms also suffering. Meanwhile, the rate of job creation softened considerably from July and was marginal. On the price front, reduced demand for inputs led to the first drop in purchasing costs since November 2020. Additionally, staff costs also reduced, both of which led to input costs inflation softening to a three-month low, with upward pressure largely due to rising freight prices. Consequently, output charges inflation also weakened to a three-month low. Overall, business confidence remained strong, with many hoping that disruption from Covid restrictions is short lived.
2021-09-03

Mozambique Standard Bank PMI
The Standard Bank Mozambique PMI™ is compiled by IHS Markit from responses to questionnaires sent to purchasing managers in a panel of around 400 private sector companies. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. The sectors covered by the survey include agriculture, mining, manufacturing, construction, wholesale, retail and services. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted. The headline figure is the Purchasing Managers’ Index™ (PMI). The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices.