In the fourth quarter of 2021, the confidence indicator of the industrial production and electricity and water distribution sector recovered slightly again, which happened for the second consecutive quarter, with the respective balance if situated below the average of the respective time series. Data from the National Statistics Institute (INE), published in the quarterly bulletin “Indicators of Confidence and Economic Climate” indicate that, if in the third quarter of 2021, the sector’s balance stood at 75.6 points, in the last quarter of the year, the balance grew to 77.6 points. The INE justifies the recovery of the sectoral situation, in the period under analysis, with the favorable appreciation of the employment and demand perspectives, which surpassed the current activity evaluated as being in a fall compared to the previous quarter, having thus reached a new minimum of the respective series temporal. “Contrary to the sector’s summary indicator, turnover declined slightly, which translated into a slight rise in stocks in industrial warehouses, in a climate in which prices were expected to drop substantially”, noted the INE. In the period under analysis, the institution found that around 48 percent of companies in this sector had constraints in the quarter under analysis, which represented an 8 percent increase in companies with constraints compared to the previous quarter. “A series of factors continued to affect the industrial sector, highlighting the lack of raw materials (25 percent), lack of access to credit (20 percent) and other unspecified factors (23 percent), as the main obstacles that hampered the excellent performance of the sector”, concludes the document. The publication “Indicators of Confidence and Economic Climate” is a brochure on the results of the conjuncture survey, carried out quarterly by INE. It is a compilation of the opinion of economic agents (company managers) about the current evolution of their activity and short-term perspectives, particularly on employment, demand, orders, prices, production, sales and activity limitations. (Letter) Source: Carta de Moçambique

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