The Stanbic Bank Zambia PMI decreased to 43.7 in October of 2018 from 48.6 in the previous month, pointing to the biggest contraction in private sector activity in three months. New orders decreased for the third consecutive month, and to the greatest extent since November of 2015, due to lack of both customers and money in circulation. Also, output contracted the most since September 2016, mostly due to falling new business and a depreciation of the kwacha. On the price front, input cost inflation accelerated in October, and output cost rose the most since November 2015, due to kwacha weakness and higher fuel costs. Purchasing activity reduced for the first time in three months, amid falling demand and stocks of purchases also decreased. Meanwhile, the average time taken for suppliers to deliver inputs shortened for the eleventh successive month, albeit to a weaker extent. Composite Pmi in Zambia is reported by Markit Economics.

Composite Pmi in Zambia is expected to be 41.30 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 42.17 in 12 months time. In the long-term, the Zambia Composite PMI is projected to trend around 41.67 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 0.40 2.90 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 [+]
Industrial Production 2.60 5.60 15.11 -8.38 percent [+]
Mining Production -1.40 3.70 26.02 -12.10 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 37.00 38.00 38.00 25.00 Points [+]
Corruption Rank 96.00 87.00 123.00 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 43.70 48.60 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
43.70 48.60 54.70 43.70 2017 - 2018 Monthly

Country Last
Australia 52.00 Oct/18
Brazil 50.50 Oct/18
China 50.50 Oct/18
Euro Area 53.10 Oct/18
France 54.10 Oct/18
Germany 53.40 Oct/18
India 53.00 Oct/18
Italy 49.30 Oct/18
Japan 52.50 Oct/18
Russia 55.80 Oct/18
Singapore 52.60 Oct/18
South Africa 46.90 Oct/18
United Kingdom 52.10 Oct/18
United States 54.90 Oct/18