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.