The Stanbic Bank Zambia PMI increased to 48.9 in October of 2020 from 46.6 in September, still pointing to a moderate deterioration in private sector activity, though the softest in 20 months. New orders fell only slightly, while the decline in output was the weakest for 20 months. Also, the decrease in employment was modest and the slowest since February, just prior to the outbreak of COVID-19. Meantime, slower reductions were observed in both backlogs of work and purchasing activity. In terms of prices, purchase cost inflation was the steepest since February, mainly linked to weakness of the Zambian kwacha against the US dollar. Selling prices also continued to rise but slightly less than in September. Finally, business confidence ticked higher but remained well below the series average amid ongoing uncertainty. source: Markit Economics
Composite Pmi in Zambia averaged 48.08 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 November of 2020.
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 48.50 in 12 months time. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 48.00 points in 2021 and 49.60 points in 2022, according to our econometric models.