Industrial production in Mozambique fell 4 percent year-on-year in June of 2020, following a 4.4 percent increase in the previous month. It was the first monthly decline in industrial activity since last November, due to the Covid-19 blow. Main decreases were recorded for mining & quarrying (-36.7 percent vs -23.3 percent in May); coke, petroleum products, chemicals, rubber & plastics (-64.6 percent vs -52.4 percent) and wood, paper and pulp, printing (-59.1 percent vs -53.6 percent). On a monthly basis, industrial production grew 4.8 percent, slowing from a 10.1 percent surge in May.
Industrial Production in Mozambique averaged 8.67 percent from 2012 until 2020, reaching an all time high of 38.20 percent in August of 2014 and a record low of -12.70 percent in January of 2016. This page provides the latest reported value for - Mozambique Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mozambique Industrial Production - values, historical data and charts - was last updated on October of 2020.
Industrial Production in Mozambique is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Mozambique to stand at 3.00 in 12 months time. In the long-term, the Mozambique Industrial Production is projected to trend around 7.00 percent in 2021 and 6.40 percent in 2022, according to our econometric models.