The Stanbic Bank Zambia PMI fell to 47.7 in January of 2021 from 49 in the previous month. The latest reading pointed to the sharpest contraction in the country's private sector since September after showed signs of stabilization towards the end of 2020. Both output and new orders decreased at a faster pace, mainly linked to the COVID-19 pandemic. Also, companies continued to lower their staffing levels, partly due to difficulties finding the funds to pay workers. Delivery delays also persisted, especially for imported items linked to COVID-19 travel restrictions. On the price front, cost inflation remained relatively muted despite upward pressure from ongoing currency weakness. Looking forward, business confidence remained relatively muted despite ticking up from that seen in December. source: Markit Economics
Composite PMI in Zambia averaged 48.12 points from 2017 until 2021, reaching an all time high of 54.70 points in November of 2017 and a record low of 34.80 points in May of 2020. This page provides - Zambia Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Stanbic Bank Zambia Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Composite PMI in Zambia is expected to be 47.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Zambia to stand at 48.00 in 12 months time. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 49.60 points in 2022, according to our econometric models.