The Stanbic Bank Ghana PMI edged down to 50.5 in June 2019 from 50.6 in the prior month. The reading pointed to the third straight month of slowdown in the country's private sector and at the fastest pace since last November, as new orders rose the least in eight months. Meantime, output growth remained marginal, though slightly stronger than in May; and the rate of job creation was modest. On the price front, the rate of overall input cost inflation slowed to the weakest in the five-and-a-half year survey so far and output prices also eased. Looking ahead, companies remained optimistic but business confidence dropped to the lowest in 31 months. Composite Pmi in Ghana is reported by Markit Economics.

Composite Pmi in Ghana is expected to be 53.90 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 4.00 5.20 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 50.50 50.60 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.50 50.60 56.50 49.20 2017 - 2019 Monthly

Country Last Previous
Australia 52.50 Jun/19
Brazil 49.00 Jun/19
China 50.60 Jun/19
Euro Area 52.20 Jun/19
France 52.70 Jun/19
Germany 52.60 Jun/19
India 50.80 Jun/19
Italy 50.10 Jun/19
Japan 50.80 Jun/19
Russia 49.20 Jun/19
Singapore 50.60 Jun/19
South Africa 49.70 Jun/19
United Kingdom 49.70 Jun/19
United States 51.50 Jun/19