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. 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 May of 2022.

Composite PMI in Mozambique is expected to be 50.60 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 52.90 50.60 points Apr 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
52.90 50.60 52.90 37.10 2019 - 2022 points Monthly
SA

News Stream
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
Mozambique Private Sector Returns to Growth
The Standard Bank Mozambique PMI rose to 51.2 in February of 2022 from 46.7 a month earlier, which was the lowest reading in 16 months. The latest reading pointed to a renewed expansion in the private sector and the strongest growth since last November, as a sharp drop in COVID-19 cases. Both output and new orders grew in all sectors except for agriculture, due to an improvement in customer demand. Meanwhile, buying activity fell for the third straight month, albeit to the least extent in this sequence. Also, employment declined for the first time in ten months, as firms continued to highlight spare capacity and lower backlogs. On prices, input costs dropped for the second straight month, while output cost inflation was softer than those seen in the seven months prior to January. Finally, business sentiment improved to a seven-month high, as rising new orders gave firms greater confidence in the near-term performance of the economy.
2022-03-03