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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ZambiaZambia Stanbic Bank Zambia PMI fell to 49.3 in March 2025
FMPMonthlyReleased April 2025
Zambia Stanbic Bank Zambia PMI fell to 49.3 in March 2025, released April 2025, down 1.6 from February's 50.9 reading. The reading matched the 51 consensus. Year-over-year, the indicator is up 0.5. The reading is in the 53rd percentile of the trailing 24-month range.
Latest Release
49.3
Actual
51
Consensus
50.9
Previous
Median Absolute Error
±1.54
across last 12 releases
Last Call
Apr 2025
Predicted: 51.53
Actual: 49.3
Error: +2.23
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Stanbic Bank Zambia PMI (Zambia) was reported at 49.30 in April 2025. This missed the market consensus of 51.00 by 1.70. The reading fell from the previous value of 50.90.
WHY IT MATTERS
The trailing three releases averaged 50.37, up from the prior three at 47.27.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 1.54.
Auto-generated from current model state · Refreshes on each release · Last update April 2025.
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Stanbic Bank Zambia PMI - ZM
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About Stanbic Bank Zambia PMI — Zambia
DEFINITION
The Stanbic Bank Zambia PMI (Purchasing Managers' Index) is a widely recognized economic indicator that measures the performance of the Zambian private sector. It provides valuable insights into the country's economic health by tracking changes in business activity, new orders, employment, and prices. This data is collected through surveys of purchasing managers in various industries, making it a reliable and timely indicator of economic trends. The Stanbic Bank Zambia PMI is an essential tool for businesses, investors, and policymakers to make informed decisions and stay ahead of market developments in Zambia.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2025): actual 49.3, consensus 51. Prior reading (Feb 2025): 50.9. Before that (Jan 2025): 50.9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.