The Standard Bank Mozambique PMI declined to 52.4 in May 2022 from April’s 10-month high of 52.9. The latest figure marked the fourth straight month of expansion in the private sector, amid further easing Covid-19 restrictions. Output rose to the highest level in over four-and-a-half years, as business activity rose markedly in response to a stronger expansion in new orders and robust customer demand. Meanwhile, the job creation softened to a three-month low, with the backlogs of work declining. Turning to prices, input cost inflation accelerated due to a sharp rise in global fuel and raw material prices; with output charges increasing the most since early 2018. Finally, sentiment improved to a three-month high on hopes increasing opportunities of growth as the impact of the pandemic eased. 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 June of 2022.
Composite PMI in Mozambique is expected to be 51.30 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 2023 and 52.00 points in 2024, according to our econometric models.