The Stanbic Bank Zambia PMI edged up to 49.8 in August of 2021 from 49.4 in the previous month, signalling encouragement for the Zambian private sector. New orders grew marginally for the first time in four months while output declined due to a pause in activity during the election period. Meanwhile, employment was up for a third consecutive month while suppliers’ delivery times lengthened for the first time in four months as respondents indicated that COVID-19 restrictions contributed to longer lead times. On the price front, input cost inflation slowed to a seven-month low. Looking forward, business sentiment improved but still remained below the series average. source: Markit Economics

Composite PMI in Zambia averaged 48.28 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 September of 2021.

Composite PMI in Zambia is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
49.80 49.40 54.70 34.80 2017 - 2021 points Monthly
SA


News Stream
Zambia Private Sector PMI Ticks Up in August
The Stanbic Bank Zambia PMI edged up to 49.8 in August of 2021 from 49.4 in the previous month, signalling encouragement for the Zambian private sector. New orders grew marginally for the first time in four months while output declined due to a pause in activity during the election period. Meanwhile, employment was up for a third consecutive month while suppliers’ delivery times lengthened for the first time in four months as respondents indicated that COVID-19 restrictions contributed to longer lead times. On the price front, input cost inflation slowed to a seven-month low. Looking forward, business sentiment improved but still remained below the series average.
2021-09-03
Zambia Private Sector Shrinks Slightly in July
The Stanbic Bank Zambia PMI edged up to 49.4 in July of 2021 from 49.3 in the previous month, signalling a marginal decline in business conditions in the Zambian private sector. New business was broadly unchanged, output fell at a softer pace and employment increased for the second month running. At the same time, purchasing activity decreased for the second straight month, with the reduction feeding through to a first decline in inventories since February. Meanwhile, there was another marginal improvement in suppliers' delivery times. On the price front, input cost inflation slowed to a six-month low, but firms continued to increase their selling prices sharply, in part to help improve profitability. Looking forward, business sentiment dipped to a five-month low and was below the series average.
2021-08-05
Zambia Private Sector PMI Drops for 2nd Month
The Stanbic Bank Zambia PMI edged down to 49.3 in June of 2021 from 49.7 in the previous month, signalling a marginal deterioration in business conditions in the Zambian private sector. There was a renewed decline in output due to a new wave of Covid-19 infections, while new orders were broadly stable. Meanwhile, employment rose for the first time since January of 2018. On the price front, purchase prices continued to rise sharply, largely due to the weakness of the Zambian kwacha. This led to the steepest output price inflation since November of 2015. Meanwhile, suppliers' delivery times shortened for the second month running, albeit marginally. Looking forward, business confidence was positive but remained below average, amid worries about the COVID-19 pandemic.
2021-07-07
Zambia Private Sector PMI Eases in May
The Stanbic Bank Zambia PMI edged down to 49.7 in May of 2021 from 50.1 in the previous month, signalling a fractional deterioration in business conditions during the month. New business and new orders ticked back down slightly due to a lack of money in circulation, but there were further signs that overall business conditions are more conducive to growth than has been the case for some time. Business activity picked up in May, ending a 26-month sequence of decline, with surveyed entrepreneurs claiming that despite challenging business conditions overall, there were improvements in customer demand. On the price front, producer inflation accelerated further to a pace not seen since 2016, driven particularly by a devaluation of the Zambian kwacha, boosting an increase in consumer prices as well. At last, business confidence continued optimistic, amid bright output and new orders expectations.
2021-06-03

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.