The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI®) reveals a complex picture of the country’s private sector performance in November. Despite continued challenges, the survey shows a subtle uptick in business conditions compared to the previous month. The headline…
Stanbic IBTC Bank Nigeria PMI: Output returns to growth, but cost pressures limit demand
Strong cost pressures meant that firms operating in the Nigerian private sector remained under pressure in September. Although new order growth quickened, helping to support a renewed increase in business activity, rates of expansion in each were only modest. Input…