The Stanbic Bank Ghana PMI dropped to 50.7 in August 2019 from 51.2 in the previous month, signalling improvement in the country's private sector for the eleventh straight month but slightly weaker than in July. Softer increases in output and new orders were recorded, but employment and purchasing activity continued to rise solidly. On the price front, inflationary pressures remained muted, with below-average increases in both overall input prices and output charges. Lastly, hopes of an improvement in business conditions supported optimism of a rise in output over the coming year, though sentiment dipped from July and was the second-weakest in 33 months. Composite Pmi in Ghana is reported by Markit Economics.

Composite Pmi in Ghana is expected to be 51.00 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 51.50 in 12 months time. In the long-term, the Ghana Composite Pmi is projected to trend around 54.00 in 2020, according to our econometric models.

Ghana Composite Pmi
Forecast Data Chart
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Ghana Business Last Previous Highest Lowest Unit
Internet Speed 3367.55 3359.64 3367.55 252.06 KBps [+]
IP Addresses 124915.00 191869.00 362730.00 14376.00 IP [+]
Leading Economic Index 3.20 3.20 13.40 -5.10 percent [+]
Competitiveness Index 51.33 49.90 51.33 3.44 Points [+]
Competitiveness Rank 106.00 104.00 119.00 102.00 [+]
Composite Pmi 50.70 51.20 56.50 49.20 [+]
Corruption Index 41.00 40.00 48.00 33.00 Points [+]
Corruption Rank 78.00 81.00 81.00 50.00 [+]
Ease of Doing Business 114.00 120.00 120.00 60.00 [+]

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. This page provides - Ghana Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Composite Pmi - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.70 51.20 56.50 49.20 2017 - 2019 Monthly

Country Last Previous
Australia 51.90 Sep/19
Brazil 51.90 Aug/19
China 51.60 Aug/19
Euro Area 50.40 Sep/19
France 51.30 Sep/19
Germany 49.10 Sep/19
India 52.60 Aug/19
Italy 50.30 Aug/19
Japan 51.90 Aug/19
Russia 51.50 Aug/19
Singapore 48.70 Aug/19
South Africa 49.70 Aug/19
United Kingdom 50.20 Aug/19
United States 51.00 Sep/19