The Standard Bank Mozambique PMI fell to 50.8 in August 2022 from 51.7 a month earlier. The latest print marked the seventh straight month of growth in the private sector, but the weakest pace in five months, due to weaker growth rates for output, new orders and stocks of purchases. Meanwhile, employment increased for the sixth straight month. The rate of job creation was modest overall and slightly faster than in July, with backlogs of work declining, after rising for the first time in 15 months in July. Turning to prices, input cost continued to rise, on higher fuel and raw material prices as well as rising staff costs, but with the rate of inflation softened slightly for the third month running. Average price charged also rose but to a lesser degree. Finally, sentiment improved, after falling steeply in July following concerns about price rises. That said, it still remained weaker than in the prior 15 months. 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 October of 2022.

Composite PMI in Mozambique is expected to be 50.20 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 52.00 points in 2023 and 53.00 points in 2024, according to our econometric models.

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Mozambique Standard Bank PMI



Related Last Previous Unit Reference
Composite PMI 50.80 51.70 points Aug 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
50.80 51.70 52.90 37.10 2019 - 2022 points Monthly
SA

News Stream
Mozambique Private Sector Growth Eases to 5-Mont Low
The Standard Bank Mozambique PMI fell to 50.8 in August 2022 from 51.7 a month earlier. The latest print marked the seventh straight month of growth in the private sector, but the weakest pace in five months, due to weaker growth rates for output, new orders and stocks of purchases. Meanwhile, employment increased for the sixth straight month. The rate of job creation was modest overall and slightly faster than in July, with backlogs of work declining, after rising for the first time in 15 months in July. Turning to prices, input cost continued to rise, on higher fuel and raw material prices as well as rising staff costs, but with the rate of inflation softened slightly for the third month running. Average price charged also rose but to a lesser degree. Finally, sentiment improved, after falling steeply in July following concerns about price rises. That said, it still remained weaker than in the prior 15 months.
2022-09-05
Mozambique Standard Bank PMI Down to 4-Month Low
The Standard Bank Mozambique PMI fell to a four-month low of 51.7 in July 2022 from 52.0 a month earlier. Still, the latest print marked the sixth straight month of growth in the private sector, as output growth eased and buying activity rose the least in five months. That said, new orders increased for the sixth successive month, with the latest expansion being solid and slightly faster than that seen in June. Also, employment increased for the fifth straight month, amid an accumulation in backlogs of work. Meanwhile, suppliers' delivery times shortened again, albeit to a smaller degree. Turning to prices, input cost increased solidly, on higher fuel and transport prices as well as rising staff costs, but with the rate of inflation only fractionally softer than in June. Selling price inflation was signaled for the sixth month running, although the latest upturn was the weakest since April. Finally, sentiment was at its lowest level since March 2021, due to inflation worries.
2022-08-03
Mozambique Private Sector Growth Eases Slightly
The Standard Bank Mozambique PMI fell to 52.0 in June 2022 from an 11-month peak of 52.4 in the prior month. Still, the latest print marked the fifth straight month of growth in the private sector, amid a softer rise in new orders as price pressures began to dampen client orders. Also, buying levels increased the least since March, leading to a noticeably slower upturn in inventories. Meantime, output expanded the most since October 2017 while firms stepped up hiring activity. As a result, backlogs of work decreased the most since January. Delivery times continued to shorten, amid easing of COVID-19 curbs and increased competition among vendors. On prices, input cost inflation eased from May's near four-year high, while businesses raised their output charges at a marked pace amid efforts to pass higher costs through to customers. Finally, sentiment remained upbeat, on hopes for improved staff capacity, stronger client bases and new business avenues.
2022-07-05