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. source: Markit Economics
Composite PMI in Zambia averaged 48.23 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 July of 2021.
Composite PMI in Zambia is expected to be 45.00 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 48.60 in 12 months time. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 49.60 points in 2022, according to our econometric models.