The Stanbic Bank Zambia PMI fell to 48.1 in March 2019 from 50.4 in the previous month. New orders and output declined, mainly due to financial issues among costumers. As a result, backlogs of work decreased sharply and to the greatest extent since last October. However, the marginal increase in employment was the first in three months. On the price front, input prices fell as lower demand for input led suppliers to reduce their prices while staff costs were unchanged. Meanwhile, output inflation was the lowest in 6 months. Regarding prospects for future output growth, confidence was strong despite easing from February's nine-month high. Composite Pmi in Zambia is reported by Markit Economics.

Composite Pmi in Zambia is expected to be 48.50 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 49.70 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
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

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 6.40 4.20 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 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 48.10 50.40 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.10 50.40 54.70 43.70 2017 - 2019 Monthly

Country Last Previous
Australia 50.60 Apr/19
Brazil 53.10 Mar/19
China 52.90 Mar/19
Euro Area 51.30 Apr/19
France 50.00 Apr/19
Germany 52.10 Apr/19
India 52.70 Mar/19
Italy 51.50 Mar/19
Japan 50.40 Mar/19
Russia 54.60 Mar/19
Singapore 51.80 Mar/19
South Africa 48.80 Mar/19
United Kingdom 50.00 Mar/19
United States 52.80 Apr/19