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.


Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Ghana Composite Pmi

Actual Previous Highest Lowest Dates Unit Frequency
50.70 52.70 56.50 49.20 2017 - 2020 points Monthly
SA


News Stream
Ghana Private Sector Growth Slows in January
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.
2020-02-05
Ghana Private Sector Growth at 1-1/2-Year High
The Stanbic Bank Ghana PMI increased to 52.7 in December 2019 from 52.4 in the previous month, pointing to the fastest expansion in the country's private sector since June 2018, boosted by solid rises in both output and new orders. As a result, backlogs of work increased, and at the second-fastest pace in the six-year survey history. At the same time, employment rose for the fortieth consecutive month, and at a solid pace. Purchasing activity also went up, but stocks of inputs ticked down as items were used to support output. Meanwhile, suppliers' delivery times shortened for the first time in four months. On the price front, rates of purchase price and staff cost inflation accelerated, but the pace at which firms raised their selling prices remained modest. Looking ahead, sentiment was the strongest since the opening month of the year.
2020-01-06
Ghana Private Sector Growth at 18-Month High
The Stanbic Bank Ghana PMI rose to 52.4 in November 2019 from 50.1 in the prior month, pointing to the fastest expansion in the country's private sector since June last year. New orders rebounded, after falling for the first time in over a year in October, which boosted business activity and employment. Also, purchasing activity and inventories rose, amid expectations of greater demand int the coming months. On the price front, input prices went up markedly, mainly attributed to currency weakness and higher maize prices. Meantime, the rate of output charge inflation quickened fractionally to the strongest since May. Looking ahead, companies remaining optimistic that output will increase over the coming year, as goods quality products are expected to boost new orders, alongside improvements in economic conditions and business expansion plans.
2019-12-04
Ghana Private Sector Growth at Over 1-Year Low
The Stanbic Bank Ghana PMI fell to 50.1 in October 2019 from 51.4 in the previous month, pointing to the slowest expansion in the country's private sector since September last year. Output rose at a softer pace and new orders decreased for the first time in 13 months, linked to heavy rains which impacted operations and financing issues at costumers. Also, purchasing activity went down for the first time in 45 months and inventories fell slightly. On the other hand, backlogs of work increased solidly, driving companies to hire more workers. On the price front, purchase price inflation accelerated to a five month high, mainly due to higher transport fares and fuel costs. As a result, output charge inflation quickened for the fourth month running to the fastest since May. Looking ahead, sentiment remained positive despite easing to a four-month low.
2019-11-05

Ghana Composite Pmi
The Stanbic Bank Ghana Purchasing Managers’ Index is based on data compiled from monthly replies to questionnaires sent to purchasing executives in approximately 400 private sector companies, which have been carefully selected to accurately represent the true structure of the Ghanaian economy, including agriculture, construction, industry, services and wholesale & retail. The panel is stratified by GDP and company workforce size. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. The Purchasing Managers’ Index (PMI) is a composite index based on five of the individual sub-components with the following weights: New Orders- 0.3, Output- 0.25, Employment- 0.2, Suppliers’ Delivery Times- 0.15, Stock of Items Purchased- 0.1, with the Suppliers’ Delivery Times sub-component inverted so that it moves in a comparable direction.