The Standard Bank Mozambique PMI declined to 50.4 in January 2020 from 50.8 in December 2018, the lowest since October last year. New order growth slowed, leading to softer rises in output and employment, as well as relatively strong drop in input buying. The job creation growth softened to a modest pace that was the weakest since October last year. On the price front, the rate of inflation ticked up to a three-month high, driven by higher purchase prices. Meanwhile, output charges were lowered for the fourth month running, as firms locked to strengthened sales growth. Finally, sentiment remains positive but fell markedly in January, after hitting a two-year high at the end of 2019.
Composite Pmi in Mozambique is expected to be 52.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Mozambique to stand at 54.00 in 12 months time. In the long-term, the Mozambique Standard Bank PMI is projected to trend around 54.30 points in 2021, according to our econometric models.