The Stanbic Bank Zambia PMI fell to 46.9 in December 2019 from 48.7 in the prior month, signalling the fastest contraction in private activity since August. Both output and new orders declined at a faster pace while employment levels were unchanged in December, ending a three-month sequence of job creation. Composite Pmi in Zambia averaged 49.36 points from 2017 until 2019, reaching an all time high of 54.70 points in November of 2017 and a record low of 43.70 points in October of 2018. source: Markit Economics
Composite Pmi in Zambia is expected to be 50.00 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 49.60 in 12 months time. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 50.00 points in 2020, according to our econometric models.
Stanbic Bank 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.