The Stanbic Bank Ghana PMI increased to 52.4 in April of 2021 from 51.8 in the previous month, pointing to the ninth straight month of expansion in the country's private sector. Both output and new orders continued to rise solidly amid stronger demand. Employment also increased at a modest rate, but this was insufficient to keep on top of workloads as difficulties securing materials pushed backlogs of work to record levels. As a result, firms increased their purchasing activity at a solid pace amid efforts to secure inputs. Regarding prices, inflationary pressures remained sharp. Finally, business sentiment dipped to the lowest for a year, reflecting ongoing concerns about the impacts of the COVID-19 pandemic and price increases. source: Markit Economics

Composite PMI in Ghana averaged 51.43 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 May of 2021.

Composite PMI in Ghana is expected to be 52.00 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 51.70 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.

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Ghana Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.40 51.80 56.50 31.70 2017 - 2021 points Monthly
SA


News Stream
Ghana Private Sector Expands Faster in April
The Stanbic Bank Ghana PMI increased to 52.4 in April of 2021 from 51.8 in the previous month, pointing to the ninth straight month of expansion in the country's private sector. Both output and new orders continued to rise solidly amid stronger demand. Employment also increased at a modest rate, but this was insufficient to keep on top of workloads as difficulties securing materials pushed backlogs of work to record levels. As a result, firms increased their purchasing activity at a solid pace amid efforts to secure inputs. Regarding prices, inflationary pressures remained sharp. Finally, business sentiment dipped to the lowest for a year, reflecting ongoing concerns about the impacts of the COVID-19 pandemic and price increases.
2021-05-06
Ghana Private Sector Growth Slows in March
The Stanbic Bank Ghana PMI eased to 51.8 in March of 2021 from 52.5 in the previous month, pointing to the eighth straight month of expansion in the country's private sector. Employment growth was the highest in over a year, accompanied by further expansions in output and new orders. Material shortages contributed to higher backlogs of work, longer delivery times, and a sharp rise in input costs, which were reflected in higher selling prices. Looking forward, businesses were the most optimistic in five months.
2021-04-07
Ghana Business Activity Growth at 3-Month High
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.
2021-03-03
Ghana Private Sector Grows for 6th Month
The Stanbic Bank Ghana PMI rose to 51.2 in January of 2021 from 50.3 in the previous month. The reading pointed to the sixth straight month of expansion in the country's private sector and at a slightly quicker pace than in the prior month. Output, new orders and employment continued to increase. On the price front, inflationary pressures built, as both input costs and output prices rose at sharper rates than in December. Looking forward, business sentiment was broadly in line with that seen in December, above the average since the survey began in January 2014.
2021-02-03

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.