Industrial production in Mozambique increased 3.6 percent from a year earlier in June 2019, down from a 7.4 percent surge in the previous month. Output growth slowed for non-durable consumer goods (6.8 percent vs 28.8 percent in May) and intermediate goods (1.8 percent vs 2.0 percent). In contrast, production rose sharply for capital goods (14.1 percent vs 8.3 percent) and it rebounded slightly for energy (0.4 percent vs -5.4 percent). Industrial Production in Mozambique averaged 9.68 percent from 2012 until 2019, reaching an all time high of 38.20 percent in August of 2014 and a record low of -12.70 percent in January of 2016.
Industrial Production in Mozambique is expected to be 8.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Mozambique to stand at 12.00 in 12 months time. In the long-term, the Mozambique Industrial Production is projected to trend around 9.40 percent in 2020, according to our econometric models.