The Stanbic Bank Zambia PMI was down slightly to 51.5 in December of 2021 from 51.8 in November but continued to signal improvements in the health of the private sector in December, helped by a further acceleration in the pace of new order growth. New business rose by expanding employment and purchasing activity, while output ticked down. Suppliers’ delivery times lengthened for the fifth successive month, and at the same pace as in November as a result of disruption related to the COVID-19 pandemic. On the price front, purchase prices and staff costs increased at a softer pace. Meanwhile, companies declined their own selling prices for the fourth consecutive month to attract customers. Looking forward, optimism improved, with around 40% of respondents predicting a rise in activity and demand in 2022. source: Markit Economics

Composite PMI in Zambia averaged 48.48 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 January of 2022.

Composite PMI in Zambia is expected to be 48.60 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 50.00 points in 2023, according to our econometric models.

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Stanbic Bank Zambia Composite PMI


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
51.50 51.80 54.70 34.80 2017 - 2021 points Monthly
SA

Related Last Previous Unit Reference
Composite PMI 51.50 51.80 points Dec/21


News Stream
Zambia Private Sector Expands for 4th Month
The Stanbic Bank Zambia PMI was down slightly to 51.5 in December of 2021 from 51.8 in November but continued to signal improvements in the health of the private sector in December, helped by a further acceleration in the pace of new order growth. New business rose by expanding employment and purchasing activity, while output ticked down. Suppliers’ delivery times lengthened for the fifth successive month, and at the same pace as in November as a result of disruption related to the COVID-19 pandemic. On the price front, purchase prices and staff costs increased at a softer pace. Meanwhile, companies declined their own selling prices for the fourth consecutive month to attract customers. Looking forward, optimism improved, with around 40% of respondents predicting a rise in activity and demand in 2022.
2022-01-06
Zambia Private Sector Expands for 3rd Month
The Stanbic Bank Zambia PMI increased to 51.8 in November of 2021 from 51.2 in October. The latest reading pointed to the third consecutive month of expansion in the country's private sector activity and at fastest pace since June of 2018. Both output and new orders rose at the sharpest rate in close to three-and-a-half years. As a result, firms raised their workforce and purchasing activity. On the produce from, purchase costs continued to fall amid recent currency appreciation, enabling firms to reduce their selling prices for the third month running.
2021-12-03
Zambia Private Sector Growth Strongest since 2018
The Stanbic Bank Zambia PMI increased to 51.2 in October of 2021 from 50.3 in September, signaling a stronger improvement in business conditions, and one that was the greatest since June 2018. Output returned to growth for the first time in five months, while new orders and employment continued to rise. Also, input buying returned to growth following four months of decline. This was despite a third successive month of lengthening suppliers' delivery times amid ongoing COVID-19 restrictions at borders. On the price front, cost pressures remained muted amid favourable exchange rate movements, enabling companies to offer reductions in charges for the second month running. Finally, business confidence strengthened for the third month running to the highest since November 2019, with expectations of ongoing improvements in economic conditions and muted price pressures among the factors supporting optimism.
2021-11-03