IHS Markit Launches New PMI™ Survey for Mozambique, Sponsored by Standard Bank
Mozambique is the 44th country covered by the global PMI series from IHS Markit
IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that Standard Bank, established in Mozambique since 1894, is the sponsor of the new PMI™ (Purchasing Managers’ Index™) whole economy survey for Mozambique. The first Standard Bank Mozambique Whole Economy PMI™ survey report was issued today.
“We are delighted to be extending our partnership with Standard Bank in Sub-Saharan Africa with the launch of a new whole economy PMI for Mozambique,” Luke Thompson, global head of PMI at IHS Markit said. “The new index will complement the existing surveys that IHS Markit conducts in Ghana, Kenya, Nigeria, South Africa, Uganda and Zambia and will provide the earliest indication of business conditions in Mozambique each month."
The global PMI series produced by IHS Markit is one of the most closely-watched signals of business activity and is valued worldwide by central banks, financial markets and business decision makers for providing timely and often unique monthly indicators of economic trends. The indexes are based on monthly surveys of more than 28,000 senior business executives to quantify variables such as output, new orders, employment, inventories and prices.
The Standard Bank Mozambique Whole Economy PMI will be released at 08:00 Maputo Time (06:00 UTC) on the third working day of each month. Provisional release dates for the remainder of 2019 are as follows:
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IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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Purchasing Managers’ IndexTM (PMITM) surveys are now available for over 40 countries and also for key regions including the eurozone. They are the most closely-watched business surveys in the world, favored by central banks, financial markets and business decision makers for their ability to provide up-to-date, accurate and often unique monthly indicators of economic trends. To learn more go to https://ihsmarkit.com/products/pmi.html.