{"id":38617,"date":"2023-05-12T17:52:35","date_gmt":"2023-05-12T17:52:35","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april"},"modified":"2023-05-12T18:55:29","modified_gmt":"2023-05-12T18:55:29","slug":"improvement-of-business-conditions-in-april","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april","title":{"rendered":"Improvement of business conditions in April"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambican firms saw an improvement in business conditions for the third month running in April of this year, and to the greatest extent since July 2022, according to the latest Standard Bank Mozambique PMI<\/b> survey.<\/p>\n

\u201cHaving printed above the 50-benchmark level, the April PMI suggests that the economy continues to experience a gradual recovery in economic activity, recently impacted by cyclone Freddy,\u201d the bank\u2019s Chief Economist, Fa\u0301usio Mussa\u0301 writes in a comment.<\/p>\n

\u201cA stronger rise in new business supported a quicker expansion in output and another elevated increase in employment. On the flip side, purchasing activity fell for the first time in three months amid some reports of cash-flow problems. Firms remained largely confident that activity will grow over the next year,\u201d the report reads.<\/p>\n

\u201cThe Standard Bank Mozambique PMI rose to 51.7 in April,\u201d up from 50.9 in March, \u201ca three-month straight increase, and the highest level since July 2022. This mainly reflects a sharp increase in new orders and continued recovery in output, which kept the employment sub-index in positive territory.\u201d<\/p>\n

\u201cImproving operating conditions largely arose from a sharp increase in new business inflows, which expanded to the greatest degree in nine months. Companies seeing an improvement in sales on the month often related this to new clients and increased project work,\u201d the PMI report notes.<\/p>\n

At the same time, the survey points out, \u201coutput levels rose modestly and for the third month running, with the pace of expansion also ticking up to a nine-month high. increased productivity, new clients and higher demand underpinned the upturn, according to surveyed companies\u201d.<\/p>\n

The survey conducted by Standard Bank also found that, in April, \u201chigher workloads supported a further increase in employment. Little changed since March, the rate of job creation was the second-fastest in a year and remained quicker than the series long-run average (since March 2015)\u201d.<\/p>\n

\u201cThe increased workforce helped companies reduce their backlog for the second consecutive month,\u201d the report adds.<\/p>\n

Commenting on the April survey report, Standard Bank\u2019s Chief Economist notes that the PMI has remained above the reference level of 50, suggesting that the economy continues to show a gradual recovery from the shock caused by Cyclone Freddy.<\/p>\n

\u201cDespite growth resilience, the PMI suggests that firms are experiencing cash flow pressures, which would reflect ongoing tight monetary policy. There is also anecdotal evidence that part of cash flow pressures experienced by companies reflects government arrears and delays in VAT repayment. After all, the Treasury is facing pressures emanating from the wage bill reform,\u201d the economist said.<\/p>\n

Even so, Mussa\u0301 notes, l, \u201cthe future expectations sub-index continued to rise, which confirms Standard Bank\u2019s views that resumption of LNG investment could help accelerate growth from H2:23 and beyond\u201d.<\/p>\n

\u201cThere are also prospects of an increase in LNG investment. In a recent mining and energy conference in Maputo, ENI admitted the hypothesis of developing a second floating LNG platform.,\u201d Mussa\u0301 concludes.<\/p>\n

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

Africa-Press – Mozambique. Mozambican firms saw an improvement in business conditions for the third month running in April of this year, and to the greatest extent since July 2022, according to the latest Standard Bank Mozambique PMI survey. \u201cHaving printed above the 50-benchmark level, the April PMI suggests that the economy continues to experience a […]<\/p>\n","protected":false},"author":84,"featured_media":38615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-38617","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":"\nImprovement of business conditions in April - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambican firms saw an improvement in business conditions for the third month running in April of this year, and to the ...\" \/>\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\/improvement-of-business-conditions-in-april\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Improvement of business conditions in April\" \/>\n<meta property=\"og:description\" content=\"Mozambican firms saw an improvement in business conditions for the third month running in April of this year, and to the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april\" \/>\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=\"2023-05-12T17:52:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-12T18:55:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683897770.09.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\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=\"3 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\/improvement-of-business-conditions-in-april#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Improvement of business conditions in April\",\"datePublished\":\"2023-05-12T17:52:35+00:00\",\"dateModified\":\"2023-05-12T18:55:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april\"},\"wordCount\":498,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/05\/postQueueImg_1683897770.09.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\/improvement-of-business-conditions-in-april#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/improvement-of-business-conditions-in-april\",\"name\":\"Improvement of business conditions in April - 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