The Stanbic Bank Ghana PMI decreased to 50.7 in January 2020 from 52.7 in the previous month, amid slower rises in new orders and output. Also, purchasing activity increased at a modest pace that was the softest in the current three-month sequence of growth. On the other hand, the rate of job creation quickened to one-year high. Looking ahead, business sentiment was the strongest in a year, as the opening of new branches is expected to support growth over the next 12 months, along with rising new orders and greater demand.
Composite Pmi in Ghana averaged 52.51 points from 2017 until 2020, reaching an all time high of 56.50 points in September of 2017 and a record low of 49.20 points in September of 2018. This page provides - Ghana Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics
Composite Pmi in Ghana is expected to be 51.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Ghana to stand at 52.50 in 12 months time. In the long-term, the Ghana Composite Pmi is projected to trend around 53.00 points in 2021 and 53.30 points in 2022, according to our econometric models.