Mozambique Autos Report - Business Monitor International - Industry Reports

Mozambique Autos Report

Mozambique Autos Report - Business Monitor International - Industry Reports
Mozambique Autos Report
Published Aug 06, 2016
26 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Due to the lack of transparency by Mozambique s government, our Country Risk team expect donors to withdraw their support. This will be a major setback to planned infrastructure projects outlined in the country s ---- budget. ...This will be a major setback to planned infrastructure projects outlined in the country s ---- budget. Infrastructure development plans had received funding from the World Bank (USD--mn) and the European Commission (USD---mn) aimed at rebuilding social and road infrastructure destroyed by adverse weather in early ----. Our Infrastructure team expect private investment into these sectors to be less forthcoming, particularly in the wake of a credit ratings downgrade by Fitch Ratings in May ----, from a rating of CCC to CC . ...Beyond ----, project delays in the gas and power sector will negatively impact demand for CVs, especially the heavy trucks required for construction activities in these heavy industries. Consequently, CV sales will remain below pre----- growth levels, averaging annual growth of -.- over our forecast period of ---------, compared with the high growth of -- seen over ---------.

...A deteriorating economic outlook for Mozambique and rising interest rates will drag on the Mozambican vehicle market in ---- as consumer and business confidence wanes and borrowing costs rise. As a result, we have downgraded our vehicle sales forecast to a contraction of -.- in ----, down from our previous forecast of a -.- contraction for the year. ...As a result, we have downgraded our vehicle sales forecast to a contraction of -.- in ----, down from our previous forecast of a -.- contraction for the year. Over the year, high inflation levels and rising interest rates will limit demand for passenger vehicles, while government s inability to fund road social infrastructure projects will weaken demand for commercial vehicles (CVs). Given these factors, we forecast a contraction of --.- in passenger car sales in ----, while CV sales will outperform and grow -.- . ...Given these factors, we forecast a contraction of --.- in passenger car sales in ----, while CV sales will outperform and grow -.- . Over the next five years, we hold a downbeat outlook for Mozambican vehicle sales, with forecast annual average growth of -.- over our forecast period ---------.

...A weak economic growth outlook and rising interest rates will lead to a contraction in passenger car sales as consumer and business confidence falls and borrowing costs rise. An ongoing debt crisis and weak commodity prices will weigh on economic growth with our Country Risk team forecasting real GDP growth of -.- in ----, the lowest levels on record since ---- (see chart below). ...

  
Source:
Document ID
2049-0046
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Mozambique Autos Report" Aug 06, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mozambique-Autos-Report-2026-1303>
  
APA:
Business Monitor International - Industry Reports. (2016). Mozambique Autos Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Mozambique-Autos-Report-2026-1303>
  
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