Mozambique: Remittance inflows see six-fold rise in seven years
Mozambican Economic Climate Indicator rises in Q3
4:10 CAT | 06 Oct 2022
FILE - For illustration purposes only. [File photo: Lusa]
The Economic Climate Indicator for Mozambican Companies (ICEE) rose from 91.2 to 97.6 in the third quarter of this year, the National Statistics Institute (INE) announced on Wednesday.
“ICEE recorded a slight increase in the third quarter” compared to the previous quarter and in line with the “recovery started in the fourth quarter of 2021”, the INE bulletin released yesterday reads.
This “favourable behaviour” was influenced “by the prospects of rising employment and future demand”.
But not all sectors shared the optimism.
The favourable assessment of the economic climate was due to “positive appreciation in the sectors of commerce and services”, while entrepreneurs in the industrial production sector “revised activity downward” in relation to the previous quarter.
The ICEE is part of the Confidence and Economic Climate Indicators bulletin, a publication on the business situation in Mozambique compiled on the basis of an INE survey of non-financial sector companies.
“The study expresses the opinion of economic agents about the evolution and perspective of their activity, particularly as regards employment, demand, orders, prices, production, sales and activity limitations,” the Mozambican statistical authority explains.
Source: Lusa
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