Mozambique’s industrial production irregular in 2015 Q3

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Mozambique’s industrial production irregular in 2015 Q3

10:44 CAT | 05 Feb 2016

In file Club of Mozambique.

The National Institute of Statistics (INE) says short-term indicators regarding Mozambican industry for the third quarter of 2015 exhibited irregular characteristics.

The INE reports that the Industrial Production Index (IPI) registered a slight slowdown, at around 191.9 percent in August, down from 192.9 percent in July. In September, the index accelerated significantly to 195.6 percent, an average acceleration of 34.4 percentage points (pp) over the previous quarter.

“Compared to the same quarter, the IPI in September showed an annual growth rate of minus 0.7 percent, compared with 2.5 percent negative and 1.6 per cent negative recorded in August and July respectively. The analysis considers rates of change based on moving averages over three months,” an INE press release cited by Notícias reads.

According to the INE report, the industrial production price index (IPPI) displayed an irregular trend over the 3rd quarter, recording a growth from 117.2 percent in July to August to 118, 8 percent and a slight deceleration in September at 117.7 percent. Compared to the previous quarter, which posted 112.5 percent, there was an average price increase in industrial production by about 5.4 percentage points

As for sales, the Industry Turnover Index (IVNI) trended upwards in this quarter, reaching 208.4 percent in September, higher than the 198.6 percent and 169.2 percent observed in August and July respectively.

“Compared to the previous quarter, which had placed at 175.0 percent, there is an average increase of this indicator by 17.0 percentage points,” the INE notes.

The INE points out, however, that the IVNI showed an annual growth rate of minus 4.3 percent in September, representing an increase of 2.0 percentage points compared to the rate seen in August.

Employment and hours worked recorded a growing trend during the quarter, standing at 109.1 percent in September after posting 107.1 percent and 104.9 percent in August and July respectively.

Source: Jornal Notícias