“The assessment of the national Business Robustness Index (IRE) suggests that, in the second quarter, the business sector maintained the pace” of the previous quarter, “and this indicator showed a recovery trend, rising from 27% to 28%, although below expectations,” reads the CTA analysis consulted by Lusa.
“The slight widening of business robustness at the national level was supported by the start of the agricultural marketing season, as well as the boost in port and logistics activities, in a scenario without economic restrictions associated with the fight of COVID-19,” it added.
At the level of the index components, the employment indicator showed a slight improvement, from 115 to 116.56 points, between the first and second quarters, supported “by seasonal jobs,” linked to agriculture.
CTA estimates that the current quarter (ending in September) will underline an “improving trend” as COVID-19 falls behind and also thanks to the peak of the agricultural marketing season, as well as the pick-up in entertainment and tourism activities.
The start of liquefied gas exports from the Rovuma basin and the resumption of external support following the May agreement between the Mozambican government and the International Monetary Fund (IMF) also support the forecast.
