Business confidence in Mozambique fell in August for the fourth consecutive month, according to the latest bulletin from the Mozambican National Statistics Institute (INE), according to Lusa.
“Business confidence in the economy, expressed by the Economic Climate Indicator (ICE), declined slightly in August,” the document reads, with the index standing at 96.8 compared to its July value of 101.5.
“This has contributed to the deterioration in the ‘Job Expectation’ indicator, which has been occurring for more than three months, as well as to the slight decrease in the ‘Expectation of Demand’ indicator compared to the previous month,” the report adds.
The result was due to a more pessimistic assessment in the industrial production, construction, non-financial and commercial services sectors, as opposed to more optimistic responses in accommodation, catering and similar activities, transportation and warehousing.
The Confidence and Economic Climate indicators are a monthly publication on the economic situation in Mozambique compiled based on a monthly survey of companies in the non-financial sector carried out by INE.
“The study expresses the opinion of economic agents about the evolution and outlook of their activity, particularly on employment, demand, orders, prices, production, sales and activity limitations,” the INE explains.
Source: Club Of Mozambique