The Stanbic Bank Zambia rose to 46.0 in August 2019 from 44.4 in the previous month, signalling a sixth successive monthly deterioration in the country's business conditions but at a softer pace. Output, employment and purchasing activity decreased less. However, new orders fell steeply, amid a lack of money and low customer numbers. Despite the reduction in operating capacity, companies were still able to work through outstanding business, which led backlogs to decline for the fourteenth month running. On the price front, overall input costs increased at the slowest pace since April. Also, output prices increased the least in four months, as firms offered discounts as part of efforts to attract clients. Looking ahead, business sentiment remained positive, on hopes of an improvement in business conditions. Composite Pmi in Zambia is reported by Markit Economics.

Composite Pmi in Zambia is expected to be 47.40 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 50.00 in 12 months time. In the long-term, the Zambia Composite PMI is projected to trend around 50.00 in 2020, according to our econometric models.

Zambia Composite PMI
Forecast Data Chart
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Zambia Business Last Previous Highest Lowest Unit
Manufacturing Production 2.40 2.70 20.46 -21.27 percent [+]
Internet Speed 2303.04 2325.33 2325.33 117.23 KBps [+]
IP Addresses 248931.00 252039.00 267895.00 3301.00 IP [+]
Mining Production 7.90 4.30 26.02 -12.10 percent [+]
Industrial Production 6.40 4.20 15.11 -8.38 percent [+]
Ease of Doing Business 87.00 85.00 99.00 80.00 [+]
Electricity Production 3701.86 3691.03 3701.86 2601.39 Gigawatt-hour [+]
Corruption Index 35.00 37.00 38.00 25.00 Points [+]
Corruption Rank 105.00 96.00 123.00 52.00 [+]
Competitiveness Index 46.05 45.43 46.05 3.16 Points [+]
Competitiveness Rank 118.00 115.00 122.00 93.00 [+]
Composite Pmi 46.00 44.40 54.70 43.70 [+]

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. This page provides - Zambia Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Zambia Composite PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
46.00 44.40 54.70 43.70 2017 - 2019 Monthly

Country Last Previous
Australia 49.30 Aug/19
Brazil 51.90 Aug/19
China 51.60 Aug/19
Euro Area 51.90 Aug/19
France 52.90 Aug/19
Germany 51.70 Aug/19
India 52.60 Aug/19
Italy 50.30 Aug/19
Japan 51.90 Aug/19
Russia 51.50 Aug/19
Singapore 48.70 Aug/19
South Africa 49.70 Aug/19
United Kingdom 50.20 Aug/19
United States 50.70 Aug/19