The Stanbic Bank Zambia PMI rose to 47.5 in January 2020 from 46.9 in the previous month, signalling a softer contraction in the country's private activity. Both output and new orders continued to decline but at a slower pace, with firms citing deteriorating economic conditions, money shortages and exchange rate fluctuations. Meanwhile, employment levels were left broadly unchanged. Backlogs of work rose for the first time in 19 months and purchasing activity decreased. On the price front, input costs increased sharply amid currency weakness, leading to an acceleration in the rate of output price inflation. Finally, business sentiment improved.
Composite Pmi in Zambia averaged 49.31 points from 2017 until 2020, reaching an all time high of 54.70 points in November of 2017 and a record low of 43.70 points in October of 2018. This page provides - Zambia Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics
Composite Pmi in Zambia is expected to be 50.00 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 49.60 in 12 months time. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 50.00 points in 2021, according to our econometric models.