The Stanbic Bank Zambia PMI rose to 42.3 in June of 2020 from a record low of 34.8 in the previous month. The latest reading signalled a further marked deterioration in the health of the Zambian private sector, albeit one that was the softest in three months. Output, new orders and employment all continued to decrease sharply, but at softer rates than in May. Also, the pressure on supply chains weakened somewhat. Meanwhile, data suggested an ongoing reluctance among firms to hold inventories given demand weakness. In terms of prices, input costs fell for a third month running, enabling firms to lower their selling prices to help stimulate demand. Looking ahead, sentiment improved slightly from May, but remained weaker than the series average, amid widespread uncertainty around the outlook.

Composite Pmi in Zambia averaged 48.31 points from 2017 until 2020, 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 2020. source: Markit Economics

Composite Pmi in Zambia is expected to be 46.00 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 47.00 in 12 months time. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 48.80 points in 2021 and 50.00 points in 2022, according to our econometric models.

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Stanbic Bank Zambia Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
42.30 34.80 54.70 34.80 2017 - 2020 points Monthly
SA


News Stream
Zambia Private Sector Contracts Slightly Less in June
The Stanbic Bank Zambia PMI rose to 42.3 in June of 2020 from a record low of 34.8 in the previous month. The latest reading signalled a further marked deterioration in the health of the Zambian private sector, albeit one that was the softest in three months. Output, new orders and employment all continued to decrease sharply, but at softer rates than in May. Also, the pressure on supply chains weakened somewhat. Meanwhile, data suggested an ongoing reluctance among firms to hold inventories given demand weakness. In terms of prices, input costs fell for a third month running, enabling firms to lower their selling prices to help stimulate demand. Looking ahead, sentiment improved slightly from May, but remained weaker than the series average, amid widespread uncertainty around the outlook.
2020-07-03
Zambia Private Sector Downturn Deepens in May
The Stanbic Bank Zambia PMI fell further to a new record low of 34.8 in May of 2020 from 37.3 in the previous month. Output, new orders and employment all declined at unprecedented rates, amid a lack of customers and temporary company closures. There were also reports of delays in the receipt of purchased items, in particular from South Africa, explained by restrictions on movements put in place to try to prevent the spread of Covid-19. Regarding prices, both input costs and output prices decreased. Looking ahead, business sentiment weakened further, due to concerns around how long the pandemic will persist.
2020-06-03
Zambia Private Sector Contracts at Record Pace in April
The Stanbic Bank Zambia PMI sank to 37.3 in April of 2020 from 44.7 in the previous month. The reading pointed to the steepest contraction ever recorded in the country's private sector, amid widespread Covid-19 shutdowns and collapsing demand. Output, new orders and employment fell at the fastest pace since the survey began in March of 2015. Looking ahead, business sentiment entered into negative territory for the first time in the survey's history, due to concerns about the Covid-19 pandemic and how long any disruption will last.
2020-05-06
Zambia Private Sector Shrinks the Most in 8 Months
The Stanbic Bank Zambia PMI fell to 44.7 in March of 2020 from 48.5 in the previous month. The reading pointed to the steepest contraction in the country's private sector since July of 2019. Sharp declines were recorded in output and new orders, amid falling customer numbers and company shutdowns associated with the coronavirus pandemic. Also, employment fell at the quickest pace in over five years. Regarding prices, purchase costs rose sharply for the third month running, primarily attributed to currency weakness. Companies often passed on higher input costs to their customers, with the rate of output charge inflation little-changed from February. Looking ahead, business sentiment slumped and was the second-lowest in the survey's history, linked to Covid-19 disruptions and company shutdowns as well as uncertainty about the future path for activity.
2020-04-03

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.