The Stanbic Bank Zambia PMI rose to 50.3 in February of 2022 from 49.9 in January, indicating a marginal improvement in business conditions.
New orders continued to rise while employment stabilized. Still, companies posted a third successive reduction in business activity amid money shortages. Output decreased in the manufacturing and services sectors, but rose in agriculture, construction and wholesale & retail.
Meanwhile, firms in the Zambian private sector expanded their purchasing activity in line with improving demand, with stocks of inputs up accordingly. On the price front, purchase cost inflation edged higher, mainly attributed to unfavourable exchange rate movements. selling prices for the first time in six months.
That said, selling prices were lifted for the first time in six months. Lastly, business sentiment dropped to a six-month low, due to concerns over exchange rate fluctuations
Source: https://tradingeconomics.com/zambia/composite-pmi