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Ghana PMI September 2023

Ghana: PMI falls in September

The S&P Global Purchasing Managers’ index (PMI) came in at 50.5 in September, down from August’s 51.9. As a result, the index remained above the 50.0 no-change mark, pointing to a continued, albeit moderating, improvement in sector operating conditions from the previous month.

Output increased at the softest pace since June, while new orders rose at the weakest speed in seven months. That said, employment rose for the ninth consecutive month, and the most in five months. Inflation remained relatively muted, with purchase prices increasing at a softer pace than in August and output inflation remaining below the series average. Meanwhile, business confidence was broadly in line with August.

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