Ghana PMI December 2021

Ghana

Ghana: PMI improves in December

January 6, 2022

The IHS Markit Purchasing Managers’ Index (PMI) came in at 51.8 in December, up from November's 51.0. As such, the index moved further above the 50-threshold, signaling a faster improvement in business conditions compared to the previous month.

December’s uptick came amid accelerated increases in output, new orders and employment. Upbeat consumer activity resulted in pressure on capacity, which led to the hiring of new workers to fill in the ranks. Notably, the rate of growth for input buying hit a 14-month high. On the price front, input prices continued to rise sharply, meaning firms had to pass on the costs to clients, increasing prices at a pace above the series average.

FocusEconomics panelists see fixed investment expanding 5.7% in 2022, which is up 0.3 percentage points from last month’s forecast. In 2023, fixed investment is expected to grow 5.1%.


Author:, Junior Economist

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Ghana PMI December 2021 0

Note: Purchasing Managers’ Index. Readings above 50 indicate an overall increase compared to the previous month, and below 50 an overall decrease.
Source: IHS Markit


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