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.