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.