The Stanbic Bank Zambia PMI rose to 44.6 in July of 2020 from 42.3 in the previous month. The latest reading signaled another marked decline in business conditions across the Zambian private sector, but at the softest pace since March. Both output and new orders continued to fall but less than in June, as the virus outbreak has led to an ongoing lack of demand, while there were continued reports that some companies remained closed temporarily. Meanwhile, employment decreased for the sixth month running and at a sharper rate. Purchasing activity and inventories were also reduced amid a reluctance to hold excess stocks at a time of weak demand and pressure on cash flow. On the price front, overall input prices ticked up, but output prices were lowered as part of efforts to attract customers. Looking forward, sentiment improved slightly, though concerns around the impact of Covid-19 meant that confidence remained well below the series average.
Composite Pmi in Zambia averaged 48.22 points from 2017 until 2020, 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 August of 2020. source: Markit Economics
Composite Pmi in Zambia is expected to be 46.00 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 47.00 in 12 months time. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 48.80 points in 2021 and 50.00 points in 2022, according to our econometric models.