The Stanbic Bank Ghana PMI increased to 50.5 in November 2018 from 50.2 in the previous month. The reading pointed to an expansion in the private sector activity for the second consecutive month, as output rose and new business advanced for the second straight month. Also, purchasing activity increased at the fastest pace since May. Meantime, the rate of job creation eased to a two-year low mainly due to weak order receipts. On the price front, input price inflation slowed while output cost inflation quickened for the fourth consecutive month and at the strongest pace since March last year. Finally, business confidence rose sharply hitting its highest level in seven months. Composite Pmi in Ghana is reported by Markit Economics.

Composite Pmi in Ghana is expected to be 53.00 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 53.90 in 12 months time. In the long-term, the Ghana Composite Pmi is projected to trend around 53.00 in 2020, according to our econometric models.

Ghana Composite Pmi
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

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 4.20 2.50 13.40 -5.10 percent [+]
Ease of Doing Business 114.00 120.00 120.00 60.00 [+]
Corruption Index 40.00 43.00 48.00 33.00 Points [+]
Corruption Rank 81.00 70.00 81.00 50.00 [+]
Competitiveness Index 51.33 49.90 51.33 3.44 Points [+]
Competitiveness Rank 106.00 104.00 119.00 102.00 [+]
Composite Pmi 50.50 50.20 56.50 49.20 [+]

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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
50.50 50.20 56.50 49.20 2017 - 2018 Monthly

Country Last Previous
Australia 52.90 Nov/18
Brazil 51.60 Nov/18
China 51.90 Nov/18
Euro Area 51.30 Dec/18
France 49.30 Dec/18
Germany 52.20 Dec/18
India 54.50 Nov/18
Italy 49.30 Nov/18
Japan 52.40 Nov/18
Russia 55.00 Nov/18
Singapore 53.80 Nov/18
South Africa 48.20 Nov/18
United Kingdom 50.70 Nov/18
United States 53.60 Dec/18