The Stanbic Bank Zambia PMI fell to 49 in October of 2022 from 50.5 in the previous month. The latest reading pointed to the first contraction in the country's private sector in four months, and although only slight, the most pronounced since February 2021. Output and new orders declined sharply, often linked to money shortages. Meanwhile, companies raised their staffing levels for the seventh month running amid efforts to keep on top of projects. On the price front, overall input costs increased slightly, but firms lowered their own charges in a bid to remain competitive and attract new business. Lastly, business confidence strengthened to the highest in 2022 so far, supported by currency stability and expected improvements in economic conditions. source: Markit Economics

Composite PMI in Zambia averaged 48.71 points from 2017 until 2022, 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 2022.

Composite PMI in Zambia is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 52.00 points in 2023 and 51.80 points in 2024, according to our econometric models.

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Stanbic Bank Zambia Composite PMI



Related Last Previous Unit Reference
Composite PMI 49.00 50.50 points Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
49.00 50.50 54.70 34.80 2017 - 2022 points Monthly
SA

News Stream
Zambia Private Sector Returns to Contraction
The Stanbic Bank Zambia PMI fell to 49 in October of 2022 from 50.5 in the previous month. The latest reading pointed to the first contraction in the country's private sector in four months, and although only slight, the most pronounced since February 2021. Output and new orders declined sharply, often linked to money shortages. Meanwhile, companies raised their staffing levels for the seventh month running amid efforts to keep on top of projects. On the price front, overall input costs increased slightly, but firms lowered their own charges in a bid to remain competitive and attract new business. Lastly, business confidence strengthened to the highest in 2022 so far, supported by currency stability and expected improvements in economic conditions.
2022-11-03
Zambia Private Sector Rises Slightly in September
The Stanbic Bank Zambia PMI edged up to 50.5 in September of 2022 from 50 in the previous month, signalling a marginal improvement in operating conditions for Zambian companies. Both output and new orders returned to growth, as price reductions favored by the appreciation of the kwacha helped to stimulate customer demand. Also, employment increased for the sixth consecutive month, amid efforts to keep on top of workloads and replace departed staff. Firms also increased their purchasing activity, in part due to greater affordability of inputs. Meanwhile, suppliers' delivery times continued to lengthen amid reports of shipping delays. On the price front, a drop in input costs was passed on to customers via lower output prices, amid improvements in the exchange rate. Finally, firms remained confident that output will increase over the coming year.
2022-10-05
Zambia Private Sector Stable in August
The Stanbic Bank Zambia PMI came in at 50 in August of 2022 from 50.5 in the previous month, signalling no change in operating conditions for Zambian companies. Output and new orders decreased slightly, amid reports of weaker customer numbers and money shortages. Meanwhile, both employment and purchasing activity continued to rise. On the price front, there were signs of waning inflationary pressures, with rates of increases in both input costs and output prices easing. Finally, business sentiment improved, but was still below the series average, due to a more favourable exchange rate and hopes of an improvement in economic conditions.
2022-09-05