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. source: Markit Economics

Composite PMI in Zambia averaged 48.13 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 April 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
49.70 47.10 54.70 34.80 2017 - 2021 points Monthly
SA


News Stream
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
Zambia Private Sector Contraction Softest Since 2019
The Stanbic Bank Zambia PMI dropped to 49 in December of 2020 from 49.3 in November, pointing to the second-smallest contraction in the country's private sector since February of 2019. Output fell the least in 22 months, despite operations continued to be hindered by the coronavirus pandemic and currency weakness. New business continued to decrease but at a modest pace. At the same time, employment fell faster, with firms citing difficulties paying workers. Purchasing activity fell again in December, but at the slowest pace since prior to the COVID-19 pandemic. Also, restrictions related to the pandemic hampered supplier deliveries, resulting in a further lengthening of lead times. On the price front, a further rise in overall input prices led companies to increase their own charges for the fifth successive month, albeit at the slowest pace since August. Looking ahead, sentiment dipped to a five-month low, and was at a level below any seen prior to the COVID-19 outbreak.
2021-01-06

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.