The S&P Global Ghana PMI fell further to 44 in October of 2022 from 45.6 in September, pointing to the ninth consecutive month of contraction in the country's private sector and to the greatest extent since April of 2020. Faster declines were recorded for output, new orders, input inventories and employment, as the impact of recent currency weakness on prices weighed on client demand. On the price front, the rate of overall input price inflation remained substantial, despite slowing to a three-month low, while output charges rose at a near-record rate. Looking ahead, business sentiment fell to the lowest for over two-and-a-half years, amid concerns over currency weakness and the global economy. source: Markit Economics
Composite PMI in Ghana averaged 50.77 points from 2017 until 2022, 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 November of 2022.
Composite PMI in Ghana is expected to be 48.00 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 51.00 points in 2023 and 52.00 points in 2024, according to our econometric models.