{"id":38215,"date":"2023-05-06T10:39:17","date_gmt":"2023-05-06T10:39:17","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1"},"modified":"2023-05-06T10:54:04","modified_gmt":"2023-05-06T10:54:04","slug":"cta-business-robustness-index-slips-in-q1","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1","title":{"rendered":"CTA Business Robustness Index slips in Q1"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s Business Robustness Index, presented yesterday, fell by one percentage point to 28% in the first quarter of 2023, against 29% in the previous quarter.<\/p>\n

The Business Robustness Index, produced by the Confederation of Economic Associations of Mozambique (CTA), was presented in Chimoio, Manica province, this Thursday (27-04), during the 12th Edition of the CTA Economic Briefing.<\/p>\n

According to the CTA, the slowdown in the performance of Mozambican companies results, in part, from a drop in demand in the tourism sector.<\/p>\n

\u201cThe holy period of Ramadan [the Muslim fasting month], fuel costs and the rise in interest rates continue to be the main factors impacting business performance,\u201d CTA vice-president Vasco Manhic\u0327a noted in his opening speech.<\/p>\n

The CTA also cited the loss of agricultural production due to floods and the rise in logistics costs and bank charges among other factors contributing to poor performance in the private sector companies in the first three months of the year.<\/p>\n

Gaza and Inhambane provinces registered the largest decline, the index there falling from 29 to 26%. Nampula fell from 28% to 25%, and Maputo city from 30.3 to 30%.<\/p>\n

The provinces of Tete, Sofala and Manica held their ground at 29% while Zambe\u0301zia province also registered no change against the fourth quarter of last year, remaining at 25%.<\/p>\n

The CTA foresees continuing challenges in the second quarter, with neither the performance of net international reserves nor the demand for imports offering conditions to reduce interest rates.<\/p>\n

\u201cThe recent measure by the Bank of Mozambique to cut the co-payment in the fuel import bill from 100% to 60% and the already-announced rise in fuel prices are putting pressure on companies\u2019 costs,\u201d the CTA summary underlines.<\/p>\n

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

Africa-Press – Mozambique. Mozambique\u2019s Business Robustness Index, presented yesterday, fell by one percentage point to 28% in the first quarter of 2023, against 29% in the previous quarter. The Business Robustness Index, produced by the Confederation of Economic Associations of Mozambique (CTA), was presented in Chimoio, Manica province, this Thursday (27-04), during the 12th Edition […]<\/p>\n","protected":false},"author":84,"featured_media":38213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-38215","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":"\nCTA Business Robustness Index slips in Q1 - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s Business Robustness Index, presented yesterday, fell by one percentage point to 28% in the first quarter of ...\" \/>\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\/cta-business-robustness-index-slips-in-q1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CTA Business Robustness Index slips in Q1\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s Business Robustness Index, presented yesterday, fell by one percentage point to 28% in the first quarter of ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1\" \/>\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=\"2023-05-06T10:39:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-06T10:54:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683353381.35.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1035\" \/>\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=\"2 minutes\" \/>\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\/cta-business-robustness-index-slips-in-q1#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CTA Business Robustness Index slips in Q1\",\"datePublished\":\"2023-05-06T10:39:17+00:00\",\"dateModified\":\"2023-05-06T10:54:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683353381.35.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\/cta-business-robustness-index-slips-in-q1#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/cta-business-robustness-index-slips-in-q1\",\"name\":\"CTA Business Robustness Index slips in Q1 - 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