The Stanbic Bank Zambia PMI fell to 49 in October of 2022 from 50.5 in the previous month. The latest reading pointed to the first contraction in the country's private sector in four months, and although only slight, the most pronounced since February 2021. Output and new orders declined sharply, often linked to money shortages. Meanwhile, companies raised their staffing levels for the seventh month running amid efforts to keep on top of projects. On the price front, overall input costs increased slightly, but firms lowered their own charges in a bid to remain competitive and attract new business. Lastly, business confidence strengthened to the highest in 2022 so far, supported by currency stability and expected improvements in economic conditions. source: Markit Economics
Composite PMI in Zambia averaged 48.71 points from 2017 until 2022, 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 December of 2022.
Composite PMI in Zambia is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Stanbic Bank Zambia Composite PMI is projected to trend around 52.00 points in 2023 and 51.80 points in 2024, according to our econometric models.