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Mozambique: Economic climate index down again in Q2; pandemic hits demand – INE
3:10 CAT | 31 Aug 2021
File photo: Lusa
The Mozambican Economic Climate Indicator (ICE), a measure of business confidence, fell in the second quarter, closing June at 85.7 points, one point less than in May, the National Statistics Institute (INE) has announced.
The ICE thus registered a fall “for the second consecutive quarter”, with a balance that remains “below the average”, and which currently stands at 98.4 points of all ICE figures since 2004.
“The continuously unfavourable situation was influenced by the low prospect of demand, which supplanted the slight increase in the employment outlook,” the INE writes.
Economic fluctuations continue to be linked to the evolution of the Covid-19 pandemic and restrictions associated with respective prevention measures.
The ICE is part of the bulletin of Economic Confidence and Climate indicators, a monthly publication on the situation in Mozambique compiled based on a questionnaire sent to companies in the non-financial sector.
“The study expresses the opinion of economic agents about the evolution and perspective of their activity, particularly on employment, demand, orders, prices, production, sales and activity limitations,” the Mozambican statistical authority explains.
Source: Lusa
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