The Stanbic Bank Zambia PMI fell to 47.1 in February of 2021 from 47.7 in the previous month. The latest reading pointed to the sharpest contraction in the country's private sector since last September. Output, new orders and employment declined again. On the price front, the rate of input inflation quickened to a three-month high, mainly attributed to the weakness of the Zambian kwacha. Companies passed on higher purchase prices to customers, resulting in a seventh successive increase in output charges. Meanwhile, business sentiment hit a four-month high, a sign that firms expect an improvement in business conditions in the coming months. source: Markit Economics
Composite PMI in Zambia averaged 48.10 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 March of 2021.
Composite PMI in Zambia is expected to be 47.50 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 48.00 in 12 months time. 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.