The S&P Global Ghana PMI rose to 51.3 in April of 2023, up from 50.9 in the prior month. The latest reading pointed to a modest improvement in the country's private sector, and one that was the strongest since December 2021. The rates of growth in new orders and output accelerated, as customer demand improved amid easing inflationary pressures. Accordingly, firms expanded their employment and purchasing activity. Also, suppliers' delivery times shortened for the twenty-first consecutive month. On the price front, overall input prices increased at the slowest pace in a year-and-a-half, with weaker increases seen with regard to both purchase prices and staff costs. Meanwhile, companies continued to increase their selling prices, but the rate of inflation eased for the fifth month running following last November's survey record and was the least pronounced since June 2021. Finally, business confidence improved in April and was at a three-month high. source: Markit Economics
Composite PMI in Ghana averaged 50.59 points from 2017 until 2023, 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 2023.
Composite PMI in Ghana is expected to be 50.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Composite PMI is projected to trend around 51.60 points in 2024 and 52.00 points in 2025, according to our econometric models.