The Stanbic Bank Zambia PMI rose further to 51.3 in February of 2023 from 50.6 in the previous month, signalling a second successive monthly improvement in business conditions across the country's private sector. Although modest, it was the most pronounced expansion since December 2021. Both output and new orders increased at sharper rates, driven by improving demand and higher customer numbers. As a result, companies raised their purchasing activity, but employment was scaled back slightly due to cost considerations. On the price front, purchase prices increased at the fastest pace in more than six years, largely reflecting currency weakness. Lastly, business confidence was unchanged from the previous survey period. About 30% of respondents predicted a rise in output over the coming year, often linked to optimism around the prospects for the Zambian economy. source: Markit Economics
Composite PMI in Zambia averaged 48.77 points from 2017 until 2023, 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 March of 2023.
Composite PMI in Zambia is expected to be 50.70 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 51.00 points in 2024 and 50.80 points in 2025, according to our econometric models.