{"id":8753,"date":"2021-11-11T16:22:37","date_gmt":"2021-11-11T16:22:37","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=8753"},"modified":"2021-11-11T15:45:48","modified_gmt":"2021-11-11T15:45:48","slug":"mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank","title":{"rendered":"Mozambique\u2019s PMI business activity index rises to four-month high \u2013 Standard Bank"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>An increase in orders is giving new impetus to Mozambican companies, according to Standard Bank latest PMI index, which in October rose to 52.1, its highest for four months.<\/p>\n<p>\u201cThe October PMI\u2122 survey data indicated a strengthening of business conditions across the Mozambican economy,\u201d the bank\u2019s analysis reads.<\/p>\n<p>\u201cNew orders drove a renewed expansion in output and a further addition to staff numbers,\u201d although \u201creports of supply chain disruption grew\u201d, resulting in \u201cthe first lengthening of delivery times since August, 2020\u201d.<\/p>\n<p>On the other hand, \u201chigher raw material prices put increased pressure on firms\u2019 purchasing costs.\u201d<\/p>\n<p>The PMI rose from 50.4 in September to 52.1 in October (values above 50 denote an improvement; values below 50 are a sign of retreat).<\/p>\n<p>Also according to Standard Bank, business expectations for next year \u201cremained robust during October, with around 65% of the survey panel expecting output levels to improve\u201d.<\/p>\n<p>The analysis concludes that this \u201creflected hopes of a recovery from the pandemic, leading to projections of a strengthening in demand and increased hiring activity\u201d.<\/p>\n<p>The Purchasing Managers\u2019 Index (PMI) published by Standard Bank results from the responses of purchasing directors at around 400 private sector companies.<\/p>\n<p>Mozambique had, by Monday, registered a cumulative total of 1,934 deaths among 151,371 Covid-19 cases, 99% of which have recovered \u2013 a slowdown in infections after the peak of the third wave in July.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. An increase in orders is giving new impetus to Mozambican companies, according to Standard Bank latest PMI index, which in October rose to 52.1, its highest for four months. \u201cThe October PMI\u2122 survey data indicated a strengthening of business conditions across the Mozambican economy,\u201d the bank\u2019s analysis reads. \u201cNew orders drove a [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":8751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-8753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mozambique\u2019s PMI business activity index rises to four-month high \u2013 Standard Bank - Mozambique<\/title>\n<meta name=\"description\" content=\"An increase in orders is giving new impetus to Mozambican companies, according to Standard Bank latest PMI index, which ...\" \/>\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\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique\u2019s PMI business activity index rises to four-month high \u2013 Standard Bank\" \/>\n<meta property=\"og:description\" content=\"An increase in orders is giving new impetus to Mozambican companies, according to Standard Bank latest PMI index, which ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank\" \/>\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=\"2021-11-11T16:22:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-618d3a953d677.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"680\" \/>\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\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique\u2019s PMI business activity index rises to four-month high \u2013 Standard Bank\",\"datePublished\":\"2021-11-11T16:22:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-618d3a953d677.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-pmi-business-activity-index-rises-to-four-month-high-standard-bank\",\"name\":\"Mozambique\u2019s PMI business activity index rises to four-month high \u2013 Standard Bank - 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