The Stanbic Bank Ghana PMI increased to 46.7 in May of 2020 from a record low of 31.7 in the previous month. Output and new orders fell at a slower pace, amid the loosening coronavirus pandemic lockdown measures. However, employment continued to decrease sharply, amid reports of spare capacity and the implementation of social distancing rules. Finally, business confidence turned positive and was the highest since November 2018 on hopes that economic conditions will return to normal once the Covid-19 pandemic subsides.
Composite Pmi in Ghana averaged 51.43 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 June of 2020. source: Markit Economics
Composite Pmi in Ghana is expected to be 49.80 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 51.60 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.