The Stanbic Bank Ghana PMI rose to 52.5 in February of 2021 from 51.2 in the previous month. The reading pointed to the seventh straight month of expansion in the country's private sector and at the fastest pace since November of 2020. Employment growth was the highest in a year and enabled companies to reduce backlogs of work for the first time in seven months, while output and new orders continued to increase. Material shortages contributed to a cooldown in the expansion of purchasing activity and led to a spike in input costs, which was reflected in higher output prices. Looking forward, business optimism eased slightly from January. source: Markit Economics
Composite PMI in Ghana averaged 51.40 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 March of 2021.
Composite PMI in Ghana is expected to be 51.60 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 52.00 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.