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.


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Stanbic Bank Zambia Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.50 46.90 54.70 43.70 2017 - 2020 points Monthly
SA


News Stream
Zambia Private Sector Shrinks Less in January
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.
2020-02-05
Zambia Private Sector Shrinks the Most in 4 Months
The Stanbic Bank Zambia PMI fell to 46.9 in December 2019 from 48.7 in the prior month, signalling the fastest contraction in private activity since August. Both output and new orders declined at a faster pace while employment levels were unchanged in December, ending a three-month sequence of job creation. On the price front, purchase prices were down for first time in nine months and at the fastest pace since the survey began in March 2015. On the other hand, output prices continued to rise, extending the current sequence of inflation to 15 months, mainly attributed to currency weakness. Looking ahead, business sentiment fell sharply and was the second-lowest in three-and-a-half years amid concerns about business conditions.
2020-01-06
Zambia Private Sector Activity Continues to Shrink
The Stanbic Bank Zambia PMI edged up to 48.7 in November of 2019 from 48.3 in October, pointing to the ninth straight month of contraction in private sector activity, with power cuts adding to challenging economic conditions. New orders fell only slightly, but output was down at a solid pace. On the other hand, employment increased for the third month running. On the price front, marginal increases in purchase prices and staff costs were recorded and output prices were also up modestly, and at the second-weakest pace in 14 months. Finally, business confidence picked up to an eight-month high amid hopes of a more stable business environment, including a strengthening of the kwacha against the US dollar.
2019-12-04
Zambia Private Sector Contraction Continues
The Stanbic Bank Zambia PMI dropped to 48.3 in October 2019 from 48.8 in the previous month, signalling a further modest deterioration in operating conditions in the country's private sector. There was a sharper contraction in business activity due to a lack of money in circulation and power cuts, while new orders declined the least for eight months amid some signs of demand improving. Employment rose only marginally while companies continued to reduce their backlogs of work. On the price front, input cost inflation eased to a seven-month low while output charge inflation was the weakest in 13 months. Looking ahead, business confidence improved from September's 39-month low, but remained below the series average.
2019-11-05

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.