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.

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Stanbic Bank Zambia Composite PMI



Related Last Previous Unit Reference
Composite PMI 51.30 50.60 points Feb 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.30 50.60 54.70 34.80 2017 - 2023 points Monthly
SA

News Stream
Zambia Private Sector Quickens to Over 1-Year High
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.
2023-03-03
Zambia Private Sector Returns to Growth
The Stanbic Bank Zambia PMI rose to 50.6 in January of 2023 from 48.3 in the previous month, pointing to the first improvement in the country's private sector in four months and the most pronounced since December 2021. There were renewed upturns in output, new orders, employment and purchasing activity, spurred by strengthening demand, higher customer numbers and competitive pricing. Meanwhile, suppliers' delivery times shortened in January, thereby ending a six-month sequence of deteriorating vendor performance. On the price front, overall input prices increased at a solid pace in January, and one that was the fastest in nine months. Accordingly, companies increased their selling prices in January following no change in December. Finally, business sentiment was the strongest in 13 months, albeit still softer than the series average, on hopes that economic conditions will continue to improve over the course of the year.
2023-02-03
Zambia Private Sector Contracts for 3rd Month
The Stanbic Bank Zambia PMI fell to 48.3 in December of 2022 from 49.1 in the previous month, pointing to the third consecutive decline in the country's private sector and at the steepest pace since February of 2021. New orders and output decreased further amid waning demand and domestic financial pressures. Subsequently, firms scaled back their staffing levels and purchasing activity. On the price front, input costs ticked down and companies kept their own selling prices stable. Looking forward, business confidence was relatively muted in December, as widespread uncertainty overshadowed positive expectations for new business.
2023-01-05