The Stanbic Bank Zambia PMI improved to 50.1 in April of 2021 from 49.7 in the previous month, the highest reading in 26 months. New orders returned to growth in April, thereby ending a 25-month sequence of decline, signalling improving market conditions. At the same time, output continued to decrease but at the softest pace in the current 26-month sequence of contractions. These events, together with reduced staffing levels, meant that businesses struggled to keep up with the workloads, in a month where employment decreased marginally, and delivery times continued to lengthen. On the price front, producer inflation climbed driven by a depreciation of the Zambian kwacha, which subsequently made the selling price rise accordingly. Lastly, business sentiment was at a 14-month high boosted by improvements in new orders and business conditions. source: Markit Economics
Composite PMI in Zambia averaged 48.17 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 May of 2021.
Composite PMI in Zambia is expected to be 43.00 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 48.60 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.