The Standard Bank Mozambique PMI increased to 52.1 in October of 2021 from 50.4 a month earlier. The reading pointed to highest in four months and among the greatest recorded over the last six years, amid further easing COVID-19 restrictions. Output grew for first time in three months, while new orders grew for the second consecutive month, driven by a further recovery in client demand, while employment continued to rise. On the price front, input prices rose due to increases in both raw material and labour costs. Meanwhile, output charges increased modestly. Finally, business sentiment strengthened, amid hopes of a recovery from the pandemic. 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 November 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.