The S&P Global Ghana PMI rose to 47 in December of 2022, from 44.9 in the prior month. The latest reading pointed to the eleventh consecutive month of falling private sector activity but stronger than in the last four months. Output fell for the twelfth month running, although to the least extent since August while new orders declined for the tenth consecutive month. Meanwhile, employment stabilized, leading to a solid increase in staff costs, while backlogs of work were markedly down again. In addition, both purchasing activity and inventory holdings decreased amid falling workloads and high prices. Furthermore, the appreciation of the Ghanaian cedi against the US dollar reversed some of the upward pressure caused by currency weakness. On prices, inflation slowed rapidly compared to the previous month, albeit a sharp increase in purchase costs. Looking ahead, optimism rose sharply and was at the highest level since April, linked to positive expectations on output in 2023. source: Markit Economics
Composite PMI in Ghana averaged 50.63 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 February of 2023.
Composite PMI in Ghana is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.