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.