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Zambia Stanbic Bank Zambia PMI
Roughly 400 private sector firms were carefully chosen to adequately reflect the genuine structure of the Zambian economy, which includes agriculture, construction, industry, services, and wholesale and retail. The Stanbic Bank Zambia Purchasing Manager's Index is based on data obtained from purchasing executives' monthly responses to surveys. The panel is divided into groups based on the GDP of the country and the size of the company's staff. According to data collected mid-month, survey results represent the change, if any, in the current month compared to the prior month. A value more than 50 implies an upswing in that variable, while a value less than 50 suggests an overall drop. The ןndex is composed of five individual sub-components with the following weights: new orders (30%), output (25%), employment (20%), suppliers delivery times (15%), stock of items purchased (10%), with the Suppliers Delivery Times sub-component reversed so that it moves in a similar direction.
A higher than expected figure should be seen as positive (bullish) for the ZMW while a lower than expected figure should be seen as negative (bearish) for the ZMW.
