Mozambique's Output Growth Hits One-Year High in June
TEHRAN (ANA)- Mozambique's Purchasing Managers' Index (PMI) rose from 50.5 to 51.3 in June, the fastest monthly rise in output for a year, according to a survey made by Standard Bank.
The survey said that the PMI enters the fifth consecutive month in positive territory, reflecting "success in securing new customers" in June that contributed to a "solid and accelerated rise in new orders" and an increase in employment.
The PMI published by Standard Bank results from the responses of purchasing directors from a panel of nearly 400 private sector companies.
PMI readings above 50.0 signal an improvement in business conditions in the previous month, while readings below 50.0 show a deterioration.
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