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Ghana PMI July 2023

Ghana: Private-sector PMI picks up in July

The S&P Global Purchasing Managers’ index (PMI) rose to 50.5 in July from June’s 50.4. Consequently, the index moved further above the 50.0 no-change threshold, signaling a stronger improvement in private-sector operating conditions compared to the previous month.

July saw an uptick in new orders, which benefited from competitive pricing and stronger demand. Additionally, output saw an increase, driven by stronger confidence. Employment continued its upward trend for the eighth consecutive month, with July seeing the swiftest rise in job creation since April. Purchase prices exhibited slower increases, though output prices grew slightly faster than in June. Meanwhile, business confidence rose to a six-month high.

July saw an uptick in new orders, which benefited from competitive pricing and stronger demand. Additionally, output saw an increase, driven by increased confidence. Employment continued its upward trend for the eighth consecutive month, with July seeing the swiftest rise in job creation since April. Purchase prices exhibited slower increases, though output prices grew slightly faster than in June. Meanwhile, business confidence rose to a six-month high.

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