Zam­bia’s busi­ness pulse ac­cel­er­ates its fastest in 4 months – IHS Markit PMI

Zambian Business Times - - BUSINESS REVIEW -

Africa’s sec­ond largest cop­per hotspot Zam­bia, ex­pe­ri­enced a record rise in busi­ness pulse for the month of May ac­cord­ing to the Stan­bic Zam­bia Pur­chas­ing Man­agers In­dex – PMI re­leased at 10.30pm by Lon­don based global in­for­ma­tion provider IHS Markit. Zam­bia recorded a head­line in­dex of 52.3 which is 1.2 points higher than Aprils 51.2 sig­nal­ing a bullish tra­jec­tory in busi­ness pulse. This is the fastest pulse recorded in 4 months. (PMI of 50 and above sig­nal ex­pan­sion­ary growth while that be­low 50 is con­trac­tionery in na­ture)

Com­ment­ing on the rise Global Mar­kets Head – Vic­tor Chileshe said:

“Im­prove­ments in busi­ness con­di­tions in May were yet again un­der­pinned by a record in­crease in new busi­ness. As we had in­di­cated in April, there has been a rise in in­put prices in May. The rise was the fastest in four months. This rise has mod­estly in­flu­enced the mar­ginal in­crease in sell­ing prices. Pres­sure on the lo­cal unit sub­sists. As such, it is rea­son­able to ex­pect con­tin­ued in­fla­tion­ary pres­sure both on in­put and out­put prices”

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