The IHS Markit Ghana PMI fell to 48.9 in August of 2021 from 49.7 in July, pointing to the second consecutive month of deteriorating in business conditions across the private sector. New business dropped after a 14-month period of growth, amid Covid-19 restrictions, heavy rainfall and recent price rises as some clients unable to afford to commit to projects. Companies also lowered their staffing levels for the second month running. In terms of prices, input costs and selling prices continued to increase. Despite signs of weakness in August, companies remained strongly optimistic that business activity will increase over the coming year. Hopes of improving business conditions and greater stability around prices were behind positive sentiment, although optimism eased from that seen in July. source: Markit Economics
Composite PMI in Ghana averaged 51.34 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 September of 2021.
Composite PMI in Ghana is expected to be 49.20 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 52.00 points in 2022 and 54.00 points in 2023, according to our econometric models.