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Mozambique’s economy grew 5.3pct in first quarter 2016
Release time:2016-05-31
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The Mozambique economy grew 5.3 percent year-on-year in the first three months of 2016, the nation’s National Institute of Statistics has announced.

The figure represented a slowdown from the last quarter of 2015, when the country’s gross domestic product grew 6.1 percent, according to the statistics bureau.

Economic activities in the fields of construction and manufacturing were among the most dynamic in the African nation for the period of January to March this year, the bureau’s report said.

Earlier this month, the President of Mozambique, Filipe Nyusi, reduced the country’s 2016 annual economic growth forecast from 7.8 percent — as it had been estimated in the state’s budget — to “between 6 and 7 percent”. He made his remarks during an official visit to China.