The Stanbic Bank Ghana PMI increased to 52.4 in April of 2021 from 51.8 in the previous month, pointing to the ninth straight month of expansion in the country's private sector. Both output and new orders continued to rise solidly amid stronger demand. Employment also increased at a modest rate, but this was insufficient to keep on top of workloads as difficulties securing materials pushed backlogs of work to record levels. As a result, firms increased their purchasing activity at a solid pace amid efforts to secure inputs. Regarding prices, inflationary pressures remained sharp. Finally, business sentiment dipped to the lowest for a year, reflecting ongoing concerns about the impacts of the COVID-19 pandemic and price increases. source: Markit Economics
Composite PMI in Ghana averaged 51.43 points from 2017 until 2021, reaching an all time high of 56.50 points in September of 2017 and a record low of 31.70 points in April of 2020. This page provides - Ghana Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Composite PMI in Ghana is expected to be 52.00 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 51.70 in 12 months time. In the long-term, the Ghana Composite PMI is projected to trend around 53.00 points in 2022, according to our econometric models.