{"id":41308,"date":"2023-06-24T17:26:42","date_gmt":"2023-06-24T17:26:42","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=41308"},"modified":"2023-06-24T11:35:58","modified_gmt":"2023-06-24T11:35:58","slug":"business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi","title":{"rendered":"Business conditions improve at softer pace in May \u2013 Standard Bank Mozambique PMI\u2122"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The PMI index of Mozambican business activity registered its fourth consecutive month in positive territory in May, albeit with a slowdown, announced Standard Bank, which conducts the survey consulted today by Lusa.<\/p>\n

The index<\/b> settled at 50.5 points, that is, \u201cbusiness conditions improved across Mozambique for the fourth month in a row in May, with new expansions recorded in terms of production, sales and employment\u201d.<\/p>\n

However, in all of these three evaluated items [production, sales and employment], \u201d rates of growth softened, resulting in a weaker improvement than April\u2019s recent high [51.7 in April]\u201d, the Standard Bank note reads.<\/p>\n

In responses to the monthly survey, \u201ccompanies reported a further sharp improvement in supply chain performance, helping to keep cost inflation modest and, in turn, selling prices largely unchanged.<\/p>\n

\u201cFirms continued to display a strong degree of confidence in future activity, though the level of optimism slipped to the lowest since February,\u201d it adds.<\/p>\n

In a comment on the index, Fa\u0301usio Mussa\u0301, chief economist at Standard Bank in Mozambique, said that the May PMI \u201cindicates that this economy continues to exhibit economic resilience despite adverse weather, monetary policy tightening and fiscal pressures\u201d.<\/p>\n

At the sectoral level, he noted \u201ca decline in new orders\u201d in construction, which \u201ctranslates into a contraction in construction output\u201d.<\/p>\n

As for the outlook, \u201cmonetary policy tightening to combat inflation and limited foreign exchange supply, combined with inadequate fiscal support, should continue to subdue growth outside of primary activities\u201d.<\/p>\n

Fa\u0301usio Mussa\u0301 said that \u201cthe market is already experiencing FX liquidity pressures due to a decline in commodity prices and lower FX sales from Banco de Moc\u0327ambique for fuel imports\u201d.<\/p>\n

The Purchasing Managers\u2019 Index (PMI) published by Standard Bank results from the responses of purchasing directors from a panel of around 400 companies in the private sector.<\/p>\n

Values above 50 show an improvement in the conditions of the companies, while values below denote a deterioration.<\/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 PMI index of Mozambican business activity registered its fourth consecutive month in positive territory in May, albeit with a slowdown, announced Standard Bank, which conducts the survey consulted today by Lusa. The index settled at 50.5 points, that is, \u201cbusiness conditions improved across Mozambique for the fourth month in a row […]<\/p>\n","protected":false},"author":84,"featured_media":41307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-41308","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":"\nBusiness conditions improve at softer pace in May \u2013 Standard Bank Mozambique PMI\u2122 - Mozambique<\/title>\n<meta name=\"description\" content=\"The PMI index of Mozambican business activity registered its fourth consecutive month in positive territory in May, albe ...\" \/>\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\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business conditions improve at softer pace in May \u2013 Standard Bank Mozambique PMI\u2122\" \/>\n<meta property=\"og:description\" content=\"The PMI index of Mozambican business activity registered its fourth consecutive month in positive territory in May, albe ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi\" \/>\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=\"2023-06-24T17:26:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/06\/sm_1687590275.571439.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\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\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Business conditions improve at softer pace in May \u2013 Standard Bank Mozambique PMI\u2122\",\"datePublished\":\"2023-06-24T17:26:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi\"},\"wordCount\":339,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/06\/sm_1687590275.571439.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\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/business-conditions-improve-at-softer-pace-in-may-standard-bank-mozambique-pmi\",\"name\":\"Business conditions improve at softer pace in May \u2013 Standard Bank Mozambique PMI\u2122 - 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