{"id":58248,"date":"2024-03-30T22:27:12","date_gmt":"2024-03-30T22:27:12","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023"},"modified":"2024-03-30T22:33:52","modified_gmt":"2024-03-30T22:33:52","slug":"industrial-production-fell-3-6-in-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023","title":{"rendered":"Industrial production fell 3.6% in 2023"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambican industrial production fell 3.6% in value in 2023, to 147,289 million meticais (\u20ac2,114 million), influenced by the decline in the metallurgical sector, according to data from the budget execution report that Lusa had access to on Tuesday.<\/p>\n

This performance compares with the 152,761 million meticais (\u20ac2,193 million) of total production in the Mozambican industrial sector in 2022, according to last year\u2019s budget execution report from the Ministry of Economy and Finance.<\/p>\n

\u201cThe [2023] sector\u2019s performance was negative, influenced by the basic metallurgical industry, resulting from the reduction in the price of aluminium on the international market,\u201d the report reads.<\/p>\n

The report highlights basic metallurgy, along with food (34.6%), beverages (23.8%) and non-metallic minerals (10.1%) \u201cthe most important divisions in the sector\u201d.<\/p>\n

The basic metallurgy industries produced the equivalent of 50,925 million meticais (\u20ac731 million) in 2023, 6.8% less than in 2022, followed by the food industry, with 35,102 million meticais (\u20ac504 million), a decline of 4.3%, and the beverage industry, with 22,587 million meticais (\u20ac324.1 million), in this case a growth of 1.4%.<\/p>\n

Industries located in the province of Maputo produced the most, with 55.2% of the total in 2023, followed by those in Nampula (23.8%) and Sofala (10.7%).<\/p>\n

Economic growth in Mozambique slowed slightly in the fourth quarter of 2023, to the equivalent of 5.36% of gross domestic product (GDP), according to data from the central bank and the National Statistics Institute (INE), as Lusa has previously reported.<\/p>\n

According to the Bank of Mozambique, this growth compares with 5.92% in the previous quarter, which followed increases of 4.67% in the period from April to June and 4.17% from January to March, which translates into average economic growth in 2023 just above 5% of GDP.<\/p>\n

The slight reduction of 0.56 percentage points compared to the previous quarter essentially resulted from the \u201cless accentuated growth of the extractive industry\u201d and the \u201cnegative performance of the manufacturing industry\u201d, the central bank explained, citing the INE.<\/p>\n

The Mozambican government in February announced that the country recorded economic growth of 5% in 2023 compared to 4.4% in 2022, highlighting an \u201ceconomic expansion\u201d that surpassed the regional average of the South African Development Community (SADC) countries.<\/p>\n

\u201cEconomic growth for 2023 reached 5%, compared to 4.4% in 2022, driven by extractive industries, tourism, agriculture, transport and communications, among others,\u201d Council of Ministers spokesperson Ludovina Bernardo declared.<\/p>\n

According to the Mozambican executive, the growth resulted from policies and reforms applied during the year, especially those adopted for \u201cgreater dynamics\u201d in private sector economic activities and in attracting investments.<\/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 industrial production fell 3.6% in value in 2023, to 147,289 million meticais (\u20ac2,114 million), influenced by the decline in the metallurgical sector, according to data from the budget execution report that Lusa had access to on Tuesday. This performance compares with the 152,761 million meticais (\u20ac2,193 million) of total production in […]<\/p>\n","protected":false},"author":84,"featured_media":58247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-58248","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":"\nIndustrial production fell 3.6% in 2023 - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambican industrial production fell 3.6% in value in 2023, to 147,289 million meticais (\u20ac2,114 million), influenced by ...\" \/>\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\/industrial-production-fell-3-6-in-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial production fell 3.6% in 2023\" \/>\n<meta property=\"og:description\" content=\"Mozambican industrial production fell 3.6% in value in 2023, to 147,289 million meticais (\u20ac2,114 million), influenced by ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023\" \/>\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=\"2024-03-30T22:27:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-30T22:33:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/03\/sm_1711821754.187855.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\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\/industrial-production-fell-3-6-in-2023#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Industrial production fell 3.6% in 2023\",\"datePublished\":\"2024-03-30T22:27:12+00:00\",\"dateModified\":\"2024-03-30T22:33:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023\"},\"wordCount\":398,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/03\/sm_1711821754.187855.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\/industrial-production-fell-3-6-in-2023#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/industrial-production-fell-3-6-in-2023\",\"name\":\"Industrial production fell 3.6% in 2023 - 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