The Stanbic Bank Zambia PMI fell to 49.8 in May of 2022 from 50.5 in the previous month, signaling a fractional deterioration in business conditions in the private sector. Output and new orders both ticked down as price pressures weighed on demand conditions. Meanwhile, firms expanded their staffing levels and purchasing activity due to anticipated improvements in demand and efforts to expand capacity. At the same time, suppliers' delivery times improved modestly for the second month in a row as fewer COVID-19 restrictions enabled suppliers to speed up deliveries. On the price front, both input inflation and output charge inflation remained sharp. Finally, confidence in the year-ahead outlook for activity improved in May amid hopes for exchange rate stability and improving new business. source: Markit Economics

Composite PMI in Zambia averaged 48.61 points from 2017 until 2022, 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 July of 2022.

Composite PMI in Zambia is expected to be 50.20 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 52.00 points in 2023 and 51.80 points in 2024, according to our econometric models.

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Stanbic Bank Zambia Composite PMI



Related Last Previous Unit Reference
Composite PMI 49.80 50.50 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
49.80 50.50 54.70 34.80 2017 - 2022 points Monthly
SA

News Stream
Zambia Private Sector Contracts Slightly
The Stanbic Bank Zambia PMI fell to 49.8 in May of 2022 from 50.5 in the previous month, signaling a fractional deterioration in business conditions in the private sector. Output and new orders both ticked down as price pressures weighed on demand conditions. Meanwhile, firms expanded their staffing levels and purchasing activity due to anticipated improvements in demand and efforts to expand capacity. At the same time, suppliers' delivery times improved modestly for the second month in a row as fewer COVID-19 restrictions enabled suppliers to speed up deliveries. On the price front, both input inflation and output charge inflation remained sharp. Finally, confidence in the year-ahead outlook for activity improved in May amid hopes for exchange rate stability and improving new business.
2022-06-03
Zambia Private Sector Activity Recovers
The Stanbic Bank Zambia PMI rose to a four-month high of 50.5 in April of 2022 from 49.6 in the previous month, signaling a marginal improvement in business conditions. Output, new orders and employment returned to growth, though at a marginal pace, amid some improvement in demand. As a result, purchasing activity rose for the seventh month running, and to the greatest extent since last November. On the price front, there were further signs of building inflationary pressures amid widespread reports of higher fuel costs. In turn, companies raised their own selling prices for the third month in a row and at the fastest pace since July last year. Looking forward, confidence hit the lowest since February 2021 and well below the series average, amid concerns around the impact of rising prices.
2022-05-05
Zambia Private Sector Activity at 8-Month Low
The Stanbic Bank Zambia PMI fell to an 8-month low of 49.6 in March of 2022 from 50.3 in the previous month. New orders decreased for the first time in eight months, albeit only slightly due to a lack of customers and money shortages worsened by inflationary pressures. As a result, output fell and firms reduced their staffing levels fractionally in efforts to limit costs. On the price front, overall input price inflation quickened to a seven-month high due to currency weakness and rising fuel prices. Consequently, output prices were up for the second month running. Lastly, business sentiment reached a three-month high, largely reflecting hopes of improvements in economic conditions and new business inflows in the months ahead.
2022-04-05