The Stanbic Bank Ghana PMI rose to 51.2 in August 2020 from 49.7 in the previous month. The latest pointed to the first expansion in the private sector since February, amid the easing of coronavirus lockdown restrictions. New orders increased for the third successive month and output rose as demand strengthened. In addition, employment advanced marginally, ending a five-month sequence of job cuts, and firms raised their purchasing activity for the first time in six months. Meantime, delivery times were broadly unchanged following disruptions to supply chains in previous months due to the pandemic. On the price front, input cost inflation accelerated to a 22-month high while output charge inflation remained muted. Finally, sentiment improved to a a three-and-a-half year high, driven by optimism over demand.
Composite Pmi in Ghana averaged 51.34 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 September of 2020. source: Markit Economics
Composite Pmi in Ghana is expected to be 51.00 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 52.00 points in 2021 and 53.00 points in 2022, according to our econometric models.