The Mozambique private sector econnomy has continued to expand besides the country's growth slowing down, according to the latest PMI Survy conducted by Starndard bank, private sector business conditions improved for five months as firms continued to recieve greater intake for new business, However, a much slower increase in business activity weighed on the performance, leading to weaker job creation and a slight drop in input purchase.
The index rose in Feburay this year, the highest growth since july 2023, before droping again in march, before trending upwards once more.
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he Mozambican private sector economy has continued to expand despite the country’s growth slowing down.According to the latest PMI survey conducted by Standard Bank, private sector business conditions improved for five consecutive months as firms continued to receive greater intakes of new business. However, a much slower increase in business activity weighed on performance, leading to weaker job creation and a slight drop in input purchases.The index rose in February this year, the highest growth since July 2023, before dropping again in March before trending upwards once more.In the latest PMI, the bank found that growth was supported in September by a moderate rise in new order volumes. Mozambican firms reported the introduction of new services, expanded capacities and new client wins driving sales. The election this month
