Industrial production in Mozambique reached 31.1 billion meticais in the first quarter

In the first three months of this year, revenues from industrial production in Mozambique reached 31.1 billion meticais (the equivalent of around 486.5 million dollars), compared to 31.8 billion in the same period last year.

The data is contained in the balance sheet of the Economic and Social Plan and State Budget (BdPESOE), for the first quarter of 2024, released by the Ministry of Economy and Finance (MEF) and to which the MZNews had access to, pointing out that this figure corresponds to a decrease of 2.2%, and an execution of 21.6% of what was planned, in a sample made up of 337 companies.

According to the MEF document, despite this drop, there were divisions that performed well, in particular basic metallurgy with 35.4%, food with 22.5%, beverages with 18.5%, non-metallic minerals with 10.1% and chemicals with 3.3%.

"The divisions with a positive trend recorded production of 11.9 billion meticais in the period under review, compared to 11.6 billion in the same period last year, corresponding to growth of 2.4% and a weight in overall production of 38%," the document reveals.

Meanwhile, in terms of the contribution of industrial production by region, the highlight goes to Maputo province, which contributed the most, in terms of weight, with 56.8%, followed by the provinces of Nampula with 23.1% and Sofala with 10.1%, with the remaining eight provinces accounting for 10%.

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