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Ghana PMI June 2023

Ghana: PMI decreases in June

The S&P Global Purchasing Managers’ index (PMI) fell to 50.4 in June from May’s 51.3. Consequently, the index remained above the 50.0 no-change mark, pointing to a moderating improvement in private-sector operating conditions from the previous month.

The decline was driven by softer expansions in employment, output and new orders expansions. Input costs and output prices continued to ease, with the increase in input prices the slowest in three years. Business confidence was the highest since January, supported by exchange rate stability and cooling inflation.

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