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Ghana PMI November 2023

Ghana: PMI increases in November

The S&P Global Purchasing Managers’ Index (PMI) rose to 51.6 in November from October’s 50.5. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in private-sector operating conditions compared to the previous month.

The figure was driven by increases in output and new orders, with the latter reaching a three-month high. Additionally, employment rose for the twelfth month running, albeit at a slower rate than in October. Meanwhile, input and output prices rose at faster paces. Lastly, the private sector remained optimistic about the year ahead, with sentiment above the series average.

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