Ghana’s private sector activity continued to expand strongly in December, though at a slower pace than in the previous month, survey data from IHS Markit showed Thursday.

The Purchasing Managers’ Index, or PMI, dropped to 53.5 in December from 54.8 in November. However, any reading above 50 indicates expansion in the sector.

Among components, output and new orders rose solidly, albeit at reduced rates, while job creation picked up pace.

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