Business confidence in Mozambique fell to 97 in August 2019, its lowest level since May, from 98.2 in the prior month, amid declines in current opinion about employment (91.2 from 92.7 in July) and expected prices (91.6 from 92.0). Meanwhile, prospects for both demand (100.3 from 99.6) and employment (95.8 from 93.8) improved. Across sectors, sentiment weakened in manufacturing (92.5 from 93.6), construction (103.5 from 105.3) and other services (101.1 from 107.7), but strengthened in accommodation & catering services (90.6 from 89.4), transportation (96.4 from 95.1) and trade (101.8 from 96.0). Business Confidence in Mozambique averaged 99.97 Index Points from 2004 until 2019, reaching an all time high of 109.18 Index Points in December of 2010 and a record low of 86.60 Index Points in January of 2004.
Business Confidence in Mozambique is expected to be 97.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Mozambique to stand at 98.00 in 12 months time. In the long-term, the Mozambique Business Confidence is projected to trend around 98.40 Index Points in 2020, according to our econometric models.