The S&P Global Ghana PMI increased to 48.3 in April of 2022, from 47.2 in the previous month. The latest reading pointed to a third consecutive month of contraction across the country's private sector, but at a slower pace and modest overall. There were softer reductions in both output and new orders while employment continued to expand. More positively, delivery times improved at a near-record rate, which helped underpin a renewed uptick in buying activity. On the price front, inflationary pressures intensified, weighed up by geopolitical tensions, rising material prices and global shortages. Overall input price inflation quickened to the highest since September 2014, while output charges were raised at a marked pace. Looking ahead, business confidence rebounded to the highest for three months. Firms reported hopes for new client wins, an end to international COVID-19 restrictions, and an improvement in demand. source: Markit Economics
Composite PMI in Ghana averaged 51.19 points from 2017 until 2022, 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 2022.
Composite PMI in Ghana is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Composite PMI is projected to trend around 51.00 points in 2023 and 52.00 points in 2024, according to our econometric models.