{"id":13690,"date":"2022-02-09T15:19:34","date_gmt":"2022-02-09T15:19:34","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=13690"},"modified":"2022-02-09T14:52:46","modified_gmt":"2022-02-09T14:52:46","slug":"mozambique-omicron-pushes-purchasing-managers-index-under-50","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50","title":{"rendered":"Omicron pushes Purchasing Managers\u2019 Index under 50"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Standard Mozambique bank\u2019s Purchasing Managers\u2019 Index (PMI), which measures the conditions of business activity in the country, in January recorded the largest drop since September 2020, associated to the Omicron variant of Covid-19, the financial institution announced on Monday.<\/p>\n

\u201cStanding at 46.7, a drop compared to December\u2019s value of 50.6, the index indicated a sharp drop in the general operating conditions [of companies], and the largest recorded fall since September 2020,\u201d the analysis note consulted by Lusa today said.<\/p>\n

Only PMI values above 50 indicate an improvement in conditions.<\/p>\n

\u201cThe beginning of 2022 showed a further deterioration of the Mozambican economy,\u201d the document reads, stressing that \u201cthe latest PMI data indicates sharp declines in production and new orders.\u201d<\/p>\n

\u201cFor the first time in five months, the PMI indicator fell below the neutral value of 50.0,\u201d it added.<\/p>\n

Company directors responding to the PMI survey justified the decline in demand and consequent decline in new business with \u201cthe new wave of cases related to the Omicron variant of Covid-19\u201d.<\/p>\n

Still, the outlook remains positive, with \u201ctwo-thirds of companies indicating optimistic forecasts in terms of growth and will lead to a further increase in staffing levels\u201d.<\/p>\n

The Purchasing Managers\u2019 Index published by Standard Bank is derived from the responses of purchasing directors from a panel of nearly 400 private sector companies.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Standard Mozambique bank\u2019s Purchasing Managers\u2019 Index (PMI), which measures the conditions of business activity in the country, in January recorded the largest drop since September 2020, associated to the Omicron variant of Covid-19, the financial institution announced on Monday. \u201cStanding at 46.7, a drop compared to December\u2019s value of 50.6, the […]<\/p>\n","protected":false},"author":84,"featured_media":13689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-13690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nOmicron pushes Purchasing Managers\u2019 Index under 50 - Mozambique<\/title>\n<meta name=\"description\" content=\"The Standard Mozambique bank\u2019s Purchasing Managers\u2019 Index (PMI), which measures the conditions of business activity in t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Omicron pushes Purchasing Managers\u2019 Index under 50\" \/>\n<meta property=\"og:description\" content=\"The Standard Mozambique bank\u2019s Purchasing Managers\u2019 Index (PMI), which measures the conditions of business activity in t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-09T15:19:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-6203d0b162042.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"775\" \/>\n\t<meta property=\"og:image:height\" content=\"517\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Omicron pushes Purchasing Managers\u2019 Index under 50\",\"datePublished\":\"2022-02-09T15:19:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50\"},\"wordCount\":232,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-6203d0b162042.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-omicron-pushes-purchasing-managers-index-under-50\",\"name\":\"Omicron pushes Purchasing Managers\u2019 Index under 50 - 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