The index that measures business confidence in Mozambique improved in January but remains in negative territory since the post-election protests, which resulted in hundreds of deaths and a downturn in the economy in the fourth quarter of 2024.
The PMI Purchasing Managers’ Index improved to 47.5 points in January, up from 46.4 in December, the lowest month since August 2020. However, it is still in negative territory as values below 50 indicate pessimism among entrepreneurs and managers regarding the evolution of business activity in the country in which they operate. The PMI index published monthly by Standard Bank is based on the responses of purchasing managers from a panel of around 400 private sector companies.
(Source LUSA)
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