The Stanbic Bank Ghana PMI decreased slightly to 51.2 in April 2019 from 51.5 in the previous month. The reading pointed to the seventh consecutive expansion in the country's private sector, albeit the softest since last November. Output and new orders growth was modest and the pace of job creation was only slight. In terms of prices, purchase cost inflation remained sharp, mainly on higher fuel costs and currency weakness. Likewise, some firms were able to pass on higher cost burdens to customers, thereby leading to a twelfth consecutive monthly increase in output prices. On the other hand, sentiment improved to a three-month high, amid hopes of a more stable exchange rate and improving business conditions. Composite Pmi in Ghana is reported by Markit Economics.

Composite Pmi in Ghana is expected to be 53.60 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 52.80 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 3.20 2.40 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 51.20 51.50 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.20 51.50 56.50 49.20 2017 - 2019 Monthly

Country Last Previous
Australia 52.20 May/19
Brazil 50.60 Apr/19
China 52.70 Apr/19
Euro Area 51.60 May/19
France 51.30 May/19
Germany 52.40 May/19
India 51.70 Apr/19
Italy 49.50 Apr/19
Japan 50.80 Apr/19
Russia 53.00 Apr/19
Singapore 53.30 Apr/19
South Africa 50.30 Apr/19
United Kingdom 50.90 Apr/19
United States 50.90 May/19