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.

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Mozambique Standard Bank PMI



Related Last Previous Unit Reference
Composite PMI 52.40 52.90 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
52.40 52.90 52.90 37.10 2019 - 2022 points Monthly
SA

News Stream
Mozambique Private Sector Growth Eases
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.
2022-06-03
Mozambique Private Sector Growth at 10-Month High
The Standard Bank Mozambique PMI was up to 52.9 in April 2022 from 50.6 in March, linked to an ease in health restrictions related to the pandemic. This was the third straight month of growth in the private sector and the steepest pace since June 2021, amid sharp accelerations in both output and new order growth, which hit their highest in 33 months and and ten months, respectively. Also, employment expanded solidly, rising the most since the end of 2019; and buying levels went up sharply. Meantime, lead times were reduced to the greatest extent since last June while backlogs of works fell for the twelfth month running, albeit only fractionally. Turning to prices, input cost inflation accelerated due to a sharp rise in global fuel and commodity prices; with output charges increasing the most in over four years, led by a sharp increase at manufacturing firms. Finally, sentiment picked up from March's 12-month low and was broadly aligned with the recent trend.
2022-05-05
Mozambique Private Sector Growth Eases
The Standard Bank Mozambique PMI fell to 50.6 in March of 2022 from 51.2 a month earlier, pointing to the second straight month of expansion in the private sector, amid a further recovery from the Covid-19 lockdown at the start of the year. New orders grew softer and only a marginal rise in activity. Meanwhile, employment growth soared to an eight-month high, contributing to a further modest rise in salary costs. On the price front, input prices increased for the first time in three months, due to rises in fuel and raw material prices. In response, firms raised their output charges for the second month running. Finally, business sentiment deteriorated to the lowest level since March 2021, amid concern over global inflationary pressures in the war in Ukraine.
2022-04-05