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.

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Stanbic Bank Zambia Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.30 49.70 54.70 34.80 2017 - 2021 points Monthly
SA


News Stream
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 Private Sector PMI Eases in May
The Stanbic Bank Zambia PMI edged down to 49.7 in May of 2021 from 50.1 in the previous month, signalling a fractional deterioration in business conditions during the month. New business and new orders ticked back down slightly due to a lack of money in circulation, but there were further signs that overall business conditions are more conducive to growth than has been the case for some time. Business activity picked up in May, ending a 26-month sequence of decline, with surveyed entrepreneurs claiming that despite challenging business conditions overall, there were improvements in customer demand. On the price front, producer inflation accelerated further to a pace not seen since 2016, driven particularly by a devaluation of the Zambian kwacha, boosting an increase in consumer prices as well. At last, business confidence continued optimistic, amid bright output and new orders expectations.
2021-06-03
Zambia Private Sector PMI at 26-Month High
The Stanbic Bank Zambia PMI improved to 50.1 in April of 2021 from 49.7 in the previous month, the highest reading in 26 months. New orders returned to growth in April, thereby ending a 25-month sequence of decline, signalling improving market conditions. At the same time, output continued to decrease but at the softest pace in the current 26-month sequence of contractions. These events, together with reduced staffing levels, meant that businesses struggled to keep up with the workloads, in a month where employment decreased marginally, and delivery times continued to lengthen. On the price front, producer inflation climbed driven by a depreciation of the Zambian kwacha, which subsequently made the selling price rise accordingly. Lastly, business sentiment was at a 14-month high boosted by improvements in new orders and business conditions.
2021-05-05
Zambia Private Sector Activity at Over 2-Year High
The Stanbic Bank Zambia PMI rose to 49.7 in March of 2021 from 47.1 in the previous month, pointing to a near-stabilisation of the private sector and signalled the softest contraction in business activity since February 2019. Output continued to retreat, while new orders and employment were stable, which led to higher backlogs of work. On the price front, the rate of input inflation quickened to a four-month high, mainly attributed to the weakness of the Zambian kwacha and higher staff costs. Companies passed on higher purchase prices to customers, resulting in the eighth successive increase in output charges. Meanwhile, business sentiment was the highest since the start of the pandemic, a sign that firms expect an improvement in business conditions in the coming months.
2021-04-07

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.