The Standard Bank Mozambique PMI fell to 50.0 in December 2022, from 50.8 in the previous month and ending the 10-month growth sequence that stretched back to February. Businesses saw no change in operating conditions as new orders growth only increased marginally from a month earlier, which weighed heavily on output. Furthermore, the upturn was largely concentrated in the construction industry. Meanwhile, the subdued demand pushed input purchases to contract at its fastest rate since January. Concurrently, firms continued to add to their employment, although fractional, in an effort to expand production, leading to cutbacks in outstanding work for the fifth month running. On prices, input costs rose slightly from November’s recent low, while output prices also increased modestly, however, to a greater extent compared to the prior month. Finally, output expectations remained strong and slightly grew from November, with 55% of panelists projecting growth in 2023. source: Markit Economics

Composite PMI in Mozambique averaged 49.69 points from 2019 until 2022, 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 January of 2023.

Composite PMI in Mozambique is expected to be 50.80 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 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 50.00 50.80 points Dec 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
50.00 50.80 52.90 37.10 2019 - 2022 points Monthly
SA

News Stream
Mozambique Standard Bank PMI Stagnant in Year-End
The Standard Bank Mozambique PMI fell to 50.0 in December 2022, from 50.8 in the previous month and ending the 10-month growth sequence that stretched back to February. Businesses saw no change in operating conditions as new orders growth only increased marginally from a month earlier, which weighed heavily on output. Furthermore, the upturn was largely concentrated in the construction industry. Meanwhile, the subdued demand pushed input purchases to contract at its fastest rate since January. Concurrently, firms continued to add to their employment, although fractional, in an effort to expand production, leading to cutbacks in outstanding work for the fifth month running. On prices, input costs rose slightly from November’s recent low, while output prices also increased modestly, however, to a greater extent compared to the prior month. Finally, output expectations remained strong and slightly grew from November, with 55% of panelists projecting growth in 2023.
2023-01-05
Mozambique Standard Bank PMI Improves from 9-Month Low
The standard Bank Mozambique PMI rose to 50.8 in November 2022 from a 9-month low of 50.1 in the previous month. The upturn was prompted by new work inflows which strengthened for the first time since July, as demand increased and new customers arose; although the growth was marginal and limited to construction and service sectors. Meanwhile, the overall employment rate pointed to its six-month low, despite the increase in job numbers in an attempt to fulfill higher workloads and strengthen capacity. On prices, input demand was hit by firms' cost-cutting efforts on purchasing, pushing the input price to grow at its slowest in eight months. Concurrently, output charges also rose marginally and the least in ten months. Finally, sentiments ticked lower but remained positive, as firms expect activity to increase next year, amid hopes of expansion, new products and rise in client numbers.
2022-12-05
Mozambique Standard Bank PMI Eases to 9-Month Low
The Standard Bank Mozambique PMI fell to 50.1 in October 2022 from 50.5 in the previous month. Still, the latest reading was the weakest since January due to softer growth in output, falling new orders, and slower new export orders; all reflecting a cooling in the overall demand. Meanwhile, purchasing activity went up, leading to a slight increase in input inventories. At the same time, employment accelerated to six-month high, allowing companies to make further inroads into their backlogs. On prices, despite reports of higher fuel costs and currency weakness, input prices rose only moderately and at the slowest pace since April, which also translated into a softer rise in output charges; and inflation slowed for the fourth time in five months to the weakest since March. Lastly, business optimism was marked the highest since June.
2022-11-03