The Stanbic Bank Zambia PMI increased to 50.3 in September of 2021 from 49.8 in August, signalling a slight improvement in the Zambian private sector for the first time since April, helped by an appreciation of the kwacha. The further growth in new orders and an appreciation of the kwacha currency, helped lead to a more moderate reduction in output, which neared stabilization. Also, another rise in employment enabled companies to lower their backlogs of work for the first time in four months. On the other hand, purchasing activity continued to fall, whilst suppliers’ delivery times lengthened as COVID-19 restrictions continued to hamper transportation. On the price front, both input costs and output charges decreased. Finally, business confidence reached at 19-month high. source: Markit Economics

Composite PMI in Zambia averaged 48.31 points from 2017 until 2021, 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 October of 2021.

Composite PMI in Zambia is expected to be 49.40 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 49.60 points in 2022 and 50.00 points in 2023, according to our econometric models.

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Stanbic Bank Zambia Composite PMI


News Stream
Zambia Private Sector Returns to Growth
The Stanbic Bank Zambia PMI increased to 50.3 in September of 2021 from 49.8 in August, signalling a slight improvement in the Zambian private sector for the first time since April, helped by an appreciation of the kwacha. The further growth in new orders and an appreciation of the kwacha currency, helped lead to a more moderate reduction in output, which neared stabilization. Also, another rise in employment enabled companies to lower their backlogs of work for the first time in four months. On the other hand, purchasing activity continued to fall, whilst suppliers’ delivery times lengthened as COVID-19 restrictions continued to hamper transportation. On the price front, both input costs and output charges decreased. Finally, business confidence reached at 19-month high.
2021-10-05
Zambia Private Sector PMI Ticks Up in August
The Stanbic Bank Zambia PMI edged up to 49.8 in August of 2021 from 49.4 in the previous month, signalling encouragement for the Zambian private sector. New orders grew marginally for the first time in four months while output declined due to a pause in activity during the election period. Meanwhile, employment was up for a third consecutive month while suppliers’ delivery times lengthened for the first time in four months as respondents indicated that COVID-19 restrictions contributed to longer lead times. On the price front, input cost inflation slowed to a seven-month low. Looking forward, business sentiment improved but still remained below the series average.
2021-09-03
Zambia Private Sector Shrinks Slightly in July
The Stanbic Bank Zambia PMI edged up to 49.4 in July of 2021 from 49.3 in the previous month, signalling a marginal decline in business conditions in the Zambian private sector. New business was broadly unchanged, output fell at a softer pace and employment increased for the second month running. At the same time, purchasing activity decreased for the second straight month, with the reduction feeding through to a first decline in inventories since February. Meanwhile, there was another marginal improvement in suppliers' delivery times. On the price front, input cost inflation slowed to a six-month low, but firms continued to increase their selling prices sharply, in part to help improve profitability. Looking forward, business sentiment dipped to a five-month low and was below the series average.
2021-08-05
Zambia Private Sector PMI Drops for 2nd Month
The Stanbic Bank Zambia PMI edged down to 49.3 in June of 2021 from 49.7 in the previous month, signalling a marginal deterioration in business conditions in the Zambian private sector. There was a renewed decline in output due to a new wave of Covid-19 infections, while new orders were broadly stable. Meanwhile, employment rose for the first time since January of 2018. On the price front, purchase prices continued to rise sharply, largely due to the weakness of the Zambian kwacha. This led to the steepest output price inflation since November of 2015. Meanwhile, suppliers' delivery times shortened for the second month running, albeit marginally. Looking forward, business confidence was positive but remained below average, amid worries about the COVID-19 pandemic.
2021-07-07

Zambia Last Unit Reference Previous Highest Lowest
Composite PMI 50.30 points Sep/21 49.80 54.70 34.80


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.