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The PMI registered 50.2 in March, from 50.9 in February, signalling an upturn in the health of the private sector economy for the second month running. The improvement in business conditions was influenced by increases in output, new orders and inventories, but it was slightly restrained by lower employment and a shortening of delivery times.
Operating conditions in Mozambique strengthened for the second month in a row in March, with increased sales driving a further rise in business activity. Firms subsequently expanded their purchasing activity and stocks of inputs. However, there was a renewed drop in employment, which was the fastest in almost five years and contributed to a softening of overall growth.
The headline figure derived from the survey is the Purchasing Managers’ Index TM (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.
The PMI registered 50.2 in March, from 50.9 in February, signalling an upturn in the health of the private sector economy for the second month running. The improvement in business conditions was influenced by increases in output, new orders and inventories, but it was slightly restrained by lower employment and a shortening of delivery times.
The latest survey data indicated that more stable economic conditions had bolstered sales at Mozambican firms in March. Volumes of new work rose at the quickest pace since October 2024, although the upturn was broadly aligned with the series’ long-run trend.
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Meanwhile, Mozambican firms continued to expand their purchasing activity and increase their stocks during March, finalising a full quarter of growth in both metrics. Inputs were generally purchased in greater amounts due to rising new orders. That said, the latest expansion was slower than in February and only marginal.
