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.