The Stanbic Bank PMI in Zambia increased to 48.8 in September 2019 from 46 in August. The reading pointed to the seventh consecutive contraction in the private sector, still the weakest in the current sequence of deterioration, as output dropped at the softest pace in six months. Also, new orders declined at a slower rate amid signs of customer demand improving and employment rose for the first time in six months boosted by efforts to improve operating capacity. Backlogs of work continued to drop, albeit at the weakest pace since July last year. Meantime, stocks of inputs went up, amid improvements in demand and suppliers' delivery times lengthened for the first time in 22 months. On the price front, input cost inflation rose due to currency weakness and output price inflation eased to a six-month low. Looking ahead, sentiment declined to a 39-month low mostly due to concerns about market conditions and unpredictability around the future. Composite Pmi in Zambia is reported by Markit Economics.

Composite Pmi in Zambia is expected to be 48.80 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 49.20 in 12 months time. In the long-term, the Zambia Composite PMI is projected to trend around 50.00 in 2020, according to our econometric models.

Stanbic Bank Zambia Composite PMI
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Zambia Business Last Previous Highest Lowest Unit
Manufacturing Production 2.40 2.70 20.46 -21.27 percent [+]
Internet Speed 2303.04 2325.33 2325.33 117.23 KBps [+]
IP Addresses 248931.00 252039.00 267895.00 3301.00 IP [+]
Mining Production 7.90 4.30 26.02 -12.10 percent [+]
Industrial Production 6.40 4.20 15.11 -8.38 percent [+]
Ease of Doing Business 87.00 85.00 99.00 80.00 [+]
Electricity Production 3701.86 3691.03 3701.86 2601.39 Gigawatt-hour [+]
Corruption Index 35.00 37.00 38.00 25.00 Points [+]
Corruption Rank 105.00 96.00 123.00 52.00 [+]
Competitiveness Index 46.51 46.05 46.51 3.16 Points [+]
Competitiveness Rank 120.00 118.00 122.00 93.00 [+]
Composite Pmi 48.80 46.00 54.70 43.70 [+]


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. This page provides - Zambia Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Stanbic Bank Zambia Composite PMI - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.80 46.00 54.70 43.70 2017 - 2019 Monthly
SA




Country Last Previous
Australia 52.00 Sep/19
Brazil 52.50 Sep/19
China 51.90 Sep/19
Euro Area 50.10 Sep/19
France 50.80 Sep/19
Germany 48.50 Sep/19
India 49.80 Sep/19
Italy 50.60 Sep/19
Japan 51.50 Sep/19
Russia 51.40 Sep/19
Singapore 48.30 Sep/19
South Africa 49.20 Sep/19
United Kingdom 49.30 Sep/19
United States 51.00 Sep/19


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