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.