The Stanbic Bank Ghana PMI increased to 53.1 in October of 2020 from 51.4 in the previous month. The reading pointed to the third consecutive expansion in private sector activity and at the quickest pace since May of 2018 as the Covid-19 pandemic remained under control. New orders and output expanded sharply, with customer demand improving further. Meantime, employment went up only marginally, despite a near-record increase in backlogs of work. On the price front, input costs inflation ticked up, mainly attributable to material shortages, higher costs related to importing items and currency weakness. Meantime, output prices rose for the sixth month running and at the quickest pace since May 2019, as firms passed on higher input costs to their customers. Finally, business sentiment improved, supported by hopes that the pandemic will continue to be suppressed and client demand will rise further. source: Markit Economics
Composite Pmi in Ghana averaged 51.38 points from 2017 until 2020, 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 2020.
Composite Pmi in Ghana is expected to be 50.40 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 53.00 in 12 months time. In the long-term, the Ghana Composite Pmi is projected to trend around 52.00 points in 2021 and 53.00 points in 2022, according to our econometric models.