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. 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 October 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.