By 
Zambia’s headline Purchasing Managers’ Index (PMI) climbed to 51.2 in August from 50.1 in July, signalling a modest yet steady improvement in private sector business conditions.
The latest reading represented the strongest upturn in three months and remains above the 50.0 threshold, which separates growth from contraction.
The survey, conducted by Stanbic Bank, highlighted that stronger demand conditions underpinned faster expansions in both new orders and output.
Companies responded by raising staffing levels at a sharper pace, pointing to a positive labour market impact.
Despite these gains, the report noted a dip in overall business confidence, which fell to its lowest level in seven months, though firms remained broadly optimistic about future output.
Analysts attributed the softer sentiment to lingering economic uncertainties and persistent cost pressures.
On the price front, renewed upward pressure was recorded on input prices and output charges, largely driven by higher transport and utility costs.
This was despite an observed decline in purchase costs, suggesting inflationary risks remain a concern for businesses.
The Stanbic Bank Zambia PMI was based on monthly questionnaires completed by purchasing managers at approximately 400 private sector firms, covering agriculture, construction, manufacturing, services, and wholesale and retail trade.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments