Economic Climate Indicator

The Economic Climate Indicator (ICE) of Mozambican companies rose in June for the third consecutive month, albeit slightly, the National Statistics Institute (INE) announced yesterday.

The index rose from 96.6 in May to 96.9 in June, with the INE indicating that the increase was mainly influenced by favourable employment prospects.

“The economic climate indicator (ECI) rebounded slightly after the slowdown between January and March, which was in line with employment expectations appreciating positively over the period under review,” the Confidence and Economic Climate Indicators bulletin reads. Employment expectations are in contrast to “the demand outlook, which continued to decline for the second consecutive quarter”.The Economic Confidence and Climate Indicators are a monthly publication on Mozambique’s economic environment, compiled on the basis of an economic survey conducted every month by the INE on non-financial sector companies. “The study expresses the opinion of economic agents about the evolution and perspective of their activity, particularly about employment, demand, orders, prices, production, sales and activity limitations,” the Institute explains.