Mozambique: Business turnover index rises, employment and wages rates decline

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Mozambique: Business turnover index rises, employment and wages rates decline

1:54 CAT | 07 Dec 2018

At the end of September, the index of business turnover in Mozambique had risen 4.7% (cumulative monthly variation), but the employment and remuneration indexes declined overall this year.

At the end of September, the Index of Turnover in Mozambique stood at 517.1 points, according to the Bulletin of Indexes of Economic Activities consulted by Lusa. Turnover corresponds to the total value of billing, excluding VAT, made by the observed statistical units during the reference period.

The figure is above the 2017 average of 458.1, and above the 499.4 with which the country closed the year, with the index accumulating a monthly variation of 4.7% from January to September this year.

On the job side, that is, the number of people who, during the reference period, participated in the activities of the company or institution (regardless of the duration of the participation), the employment index stood at 122.1, more than the average of 2017 (121.6), but below the 127.7 at which Mozambique closed the year.

According to the INE, the accumulated variation of the employment index from January to September was -4.4%. The bulletin also covers all remunerations, gross amount in cash or in kind, paid to workers who fall under the concept of “personnel in service”.

The remuneration index reached the end of September with a value of 439.5, below the average of 453.4 registered in 2017 and below the value of 502.2 with which the last year ended. According to the INE, the accumulated variation of the remuneration index from January to September is -12.8%.

Source: Lusa