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. source: Markit Economics

Composite PMI in Zambia averaged 48.17 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 May of 2021.

Composite PMI in Zambia is expected to be 43.00 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
50.10 49.70 54.70 34.80 2017 - 2021 points Monthly
SA


News Stream
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
Zambia Private Sector Downturn Deepens in February
The Stanbic Bank Zambia PMI fell to 47.1 in February of 2021 from 47.7 in the previous month. The latest reading pointed to the sharpest contraction in the country's private sector since last September. Output, new orders and employment declined again. On the price front, the rate of input inflation quickened to a three-month high, mainly attributed to the weakness of the Zambian kwacha. Companies passed on higher purchase prices to customers, resulting in a seventh successive increase in output charges. Meanwhile, business sentiment hit a four-month high, a sign that firms expect an improvement in business conditions in the coming months.
2021-03-03
Zambia Private Sector Shrinks the Most in 4 Months
The Stanbic Bank Zambia PMI fell to 47.7 in January of 2021 from 49 in the previous month. The latest reading pointed to the sharpest contraction in the country's private sector since September after showed signs of stabilization towards the end of 2020. Both output and new orders decreased at a faster pace, mainly linked to the COVID-19 pandemic. Also, companies continued to lower their staffing levels, partly due to difficulties finding the funds to pay workers. Delivery delays also persisted, especially for imported items linked to COVID-19 travel restrictions. On the price front, cost inflation remained relatively muted despite upward pressure from ongoing currency weakness. Looking forward, business confidence remained relatively muted despite ticking up from that seen in December.
2021-02-03

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.