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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GHGH PMI fell to 47.7% in June 2026
FMPMonthlyReleased July 2026
GH PMI fell to 47.7% in June 2026, released July 2026, down 2.3% from May's 50.0% reading.
Latest Release
47.700000
Actual
—
Consensus
50.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.81 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.54 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.41 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.39 | FOREX | Moves with | → View |
| GBP/USD | ▲ Direct | +0.26 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PMI (Ghana) was reported at 47.7% in July 2026. The reading fell from the previous value of 50%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 49.66%, ranging from 47.7% to 51.1% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 48.97%, down from the prior three at 49.9%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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PMI - GH
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About PMI — GH
DEFINITION
PMI, or Purchasing Managers' Index, is a widely used economic indicator that measures the health of a country's manufacturing sector. It is based on a monthly survey of purchasing managers from various industries, and provides valuable insights into the overall economic activity and future trends. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. This indicator is closely monitored by investors, businesses, and policymakers as it can help inform decisions related to investments, production, and economic policies.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 47.7 %. Prior reading (May 2026): 50 %. Before that (Apr 2026): 50.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bearish USD, r=-0.81) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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