Composite PMI in Mozambique decreased to 49.90 points in August from 50.70 points in July of 2025. Composite PMI in Mozambique averaged 49.80 points from 2019 until 2025, reaching an all time high of 52.90 points in June of 2021 and a record low of 37.10 points in April of 2020. source: S&P Global

Composite PMI in Mozambique is expected to be 50.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Related Last Previous Unit Reference
Business Confidence 97.00 99.80 points Dec 2024
Corruption Index 25.00 25.00 Points Dec 2024
Corruption Rank 146.00 145.00 Dec 2024
Leading Economic Index 0.60 -1.20 percent Sep 2024



Mozambique Standard Bank PMI
The Standard Bank Mozambique PMI™ is compiled by S&P Global using monthly surveys of around 400 private sector companies, covering key sectors such as agriculture, mining, manufacturing, construction, wholesale, retail, and services. The panel is carefully stratified by sector and company size based on GDP contributions. Survey responses, collected in the latter half of each month, measure monthly changes in business activity through a diffusion index ranging from 0 to 100. Readings above 50 indicate growth, while below 50 signal contraction. The headline PMI is a weighted composite of five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%), and Stocks of Purchases (10%), with Delivery Times inverted for consistency. The data are seasonally adjusted to reflect true trends. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Mozambique Private Sector Returns to Expansion
The Standard Bank Mozambique PMI rose to 50.9 in February 2025, up from 47.5 in January, signaling a return to growth in the private sector after four months of contraction. Output and new orders expanded as post-election unrest subsided, improving business conditions. Customer confidence strengthened, driving a rebound in demand, though some firms noted lingering client hesitancy. Employment and purchasing activity increased, with input buying rising at the fastest pace since August 2024. Supply chain disruptions persisted but showed signs of easing. Meanwhile, input costs surged, leading to the sharpest rise in prices in nearly two and a half years. Selling prices also increased but at a slower pace. Business sentiment remained positive, though optimism weakened, with firms hoping for higher customer numbers and business acquisitions despite ongoing economic challenges.
2025-03-05
Mozambique Private Sector Remains in Contraction
The Standard Bank Mozambique PMI rose to 47.5 in January 2025 from 46.4 in December, indicating a continued contraction in business conditions for the third consecutive month. Output and new orders declined for the third month in a row, though the rate of contraction eased compared to December. Ongoing political protests continued to disrupt economic activity, but some firms reported a slight easing of disruptions, boosting client numbers. On a positive note, employment and purchasing activity saw modest increases in January, ending a two-month decline. Logistics issues were partially resolved, providing vendors with greater delivery flexibility, although overall lead times still worsened. Meanwhile, input prices continued to fall, leading to the fastest drop in selling charges in three years. Business expectations for future output improved for the second straight month, with some firms optimistic about a return to normal economic conditions and customer growth.
2025-02-06
Mozambique Private Sector Activity Falls to Over 4-Year Low
The Standard Bank Mozambique PMI fell to 46.4 in December 2024, down from 48.4 in the previous month. This marked the second consecutive month of contraction and the lowest reading since August 2020, due to post-election protests. New orders recorded the sharpest drop since June 2020, with declines reported across all monitored sectors. Similarly, output contracted at its fastest pace in over four years. In addition to the protests curbing demand and capacity, there were some reports that border closures led to product shortages. Purchasing activity saw a steep fall, contributing to a solid drop in inventories. Staffing levels also decreased. With reduced input buying, businesses reported a further decline in purchase costs during December. Selling prices also fell, marking the first reduction in 20 months. Nonetheless, firms were slightly more confident about the business outlook; however, overall sentiment was still at one of its lowest levels in four years.
2025-01-06