The S&P Global Ghana PMI decreased to 47.4 in May of 2022, from 48.3 in the previous month. The latest reading pointed to a fourth consecutive month of contraction across the country's private sector and slightly stronger than in the previous month. Output fell at the quickest rate for just over two years and new orders declined for the third month in a row, reflecting global supply issues for some key inputs and soaring costs. This also led firms to scale back their buying activity. Meanwhile, companies continued to hire additional staff, with the rate of employment growth strongest for three months, despite a solid decline in backlogs. On the price front, inflationary pressures intensified, with overall input price inflation aceclerating to a more than seven-and-a-half-year high. Output price inflation also quickened to a fresh record high. Looking forward, firms remained optimistic but sentiment moderated. source: Markit Economics
Composite PMI in Ghana averaged 51.13 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 July of 2022.
Composite PMI in Ghana is expected to be 46.90 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.