{"id":28373,"date":"2022-10-25T16:19:29","date_gmt":"2022-10-25T16:19:29","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2"},"modified":"2022-10-25T16:26:25","modified_gmt":"2022-10-25T16:26:25","slug":"september-pmi-slips-to-eight-month-low-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2","title":{"rendered":"September PMI slips to eight-month low"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Mozambican Purchasing Managers Index (PMI) fell in September to 50.5, from 50.8 in August, announced Standard Bank, which conducts the survey. \u201cWhilst remaining just above the 50.0 neutral mark, the index signalled the weakest improvement in business conditions in the current eight-month growth sequence,\u201d the bank comments.<\/p>\n

The decline from 50.8 in August to 50.5 in September comes amid reports of a pull-back in client demand, writes the bank, blaming inflation.<\/p>\n

\u201cThe Mozambique PMI pointed to a further slowdown in growth across the private sector economy in September, as firms saw new business rise at the weakest pace for eight months amid slowing client demand,\u201d the report reads.<\/p>\n

\u201cSurvey evidence suggested that marked input cost inflation had further eroded firms\u2019 purchasing power, whilst leading to another solid uplift in output charges,\u201d the bank\u2019s commentary continues.<\/p>\n

\u201cThe rate of job creation was also tempered, as employment rose only slightly, and the least for four months,\u201d it adds.<\/p>\n

Despite the scenario, the Mozambican PMI remains positive (values above 50% signify an improvement in business conditions), albeit by only half a percentage point.<\/p>\n

On the bright side, \u201cbusiness optimism picked up to a three-month high\u201d.<\/p>\n

The Purchasing Managers\u2019 Index (PMI) published by Standard Bank is compiled from the responses of purchasing directors at 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 Mozambican Purchasing Managers Index (PMI) fell in September to 50.5, from 50.8 in August, announced Standard Bank, which conducts the survey. \u201cWhilst remaining just above the 50.0 neutral mark, the index signalled the weakest improvement in business conditions in the current eight-month growth sequence,\u201d the bank comments. The decline from 50.8 […]<\/p>\n","protected":false},"author":84,"featured_media":28372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-28373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nSeptember PMI slips to eight-month low - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican Purchasing Managers Index (PMI) fell in September to 50.5, from 50.8 in August, announced Standard Bank, ...\" \/>\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\/september-pmi-slips-to-eight-month-low-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"September PMI slips to eight-month low\" \/>\n<meta property=\"og:description\" content=\"The Mozambican Purchasing Managers Index (PMI) fell in September to 50.5, from 50.8 in August, announced Standard Bank, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2\" \/>\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=\"2022-10-25T16:19:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-25T16:26:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/10\/postQueueImg_4-63580e0a889ba.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1120\" \/>\n\t<meta property=\"og:image:height\" content=\"747\" \/>\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\/september-pmi-slips-to-eight-month-low-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"September PMI slips to eight-month low\",\"datePublished\":\"2022-10-25T16:19:29+00:00\",\"dateModified\":\"2022-10-25T16:26:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2\"},\"wordCount\":228,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/10\/postQueueImg_4-63580e0a889ba.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/september-pmi-slips-to-eight-month-low-2\",\"name\":\"September PMI slips to eight-month low - 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