The Stanbic Bank Zambia PMI fell to 45.2 in April 2019 from 48.1 in the prior month, signalling the largest contraction in the country's private sector since October. Output and new orders declined amid reports of money shortages. Meanwhile, employment decreased only marginally, as some companies maintained staffing levels. On the other hand, purchasing activity and stocks of purchases fell significantly in response to lower new orders. In terms of prices, input cost rose modestly mainly linked to weakness of the Zambian kwacha but output charge inflation quickened to a four-month high. Finally, business confidence dropped for the second straight month and to the greatest extent since August 2016, due to concerns about ongoing exchange rate weakness. Composite Pmi in Zambia is reported by Markit Economics.

Composite Pmi in Zambia is expected to be 48.50 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 49.70 in 12 months time. In the long-term, the Zambia Composite PMI is projected to trend around 50.00 in 2020, according to our econometric models.

Zambia Composite PMI
Forecast Data Chart
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Zambia Business Last Previous Highest Lowest Unit
Manufacturing Production 0.40 2.90 20.46 -21.27 percent [+]
Internet Speed 2303.04 2325.33 2325.33 117.23 KBps [+]
IP Addresses 248931.00 252039.00 267895.00 3301.00 IP [+]
Industrial Production 6.40 4.20 15.11 -8.38 percent [+]
Mining Production -1.40 3.70 26.02 -12.10 percent [+]
Ease of Doing Business 87.00 85.00 99.00 80.00 [+]
Electricity Production 3701.86 3691.03 3701.86 2601.39 Gigawatt-hour [+]
Corruption Index 35.00 37.00 38.00 25.00 Points [+]
Corruption Rank 105.00 96.00 123.00 52.00 [+]
Competitiveness Index 46.05 45.43 46.05 3.16 Points [+]
Competitiveness Rank 118.00 115.00 122.00 93.00 [+]
Composite Pmi 45.20 48.10 54.70 43.70 [+]

Zambia Composite PMI

The Stanbic Bank Zambia Purchasing Managers’ Index is based on data compiled from monthly replies to questionnaires sent to purchasing executives in approximately 400 private sector companies, which have been carefully selected to accurately represent the true structure of the Zambian economy, including agriculture, construction, industry, services and wholesale & retail. The panel is stratified by GDP and company workforce size. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. A reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. The Purchasing Managers’ Index™ (PMI™) is a composite index based on five of the individual sub-components with the following weights: New Orders - 0.3, Output - 0.25, Employment - 0.2, Suppliers’ Delivery Times - 0.15, Stock of Items Purchased - 0.1, with the Suppliers’ Delivery Times sub-component inverted so that it moves in a comparable direction. This page provides - Zambia Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Zambia Composite PMI - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
45.20 48.10 54.70 43.70 2017 - 2019 Monthly

Country Last Previous
Australia 50.00 Apr/19
Brazil 50.60 Apr/19
China 52.70 Apr/19
Euro Area 51.50 Apr/19
France 50.10 Apr/19
Germany 52.20 Apr/19
India 51.70 Apr/19
Italy 49.50 Apr/19
Japan 50.80 Apr/19
Russia 53.00 Apr/19
Singapore 53.30 Apr/19
South Africa 50.30 Apr/19
United Kingdom 50.90 Apr/19
United States 53.00 Apr/19