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.