Amidst a backdrop of severe and escalating price pressures, the Nigerian private sector witnessed a concerning contraction midway through the third quarter of this year, according to the latest report from the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). The survey,…
Stanbic IBTC Bank PMI: Steep price pressures impact growth in July
The Nigerian private sector experienced a slowdown in growth in July due to steep price pressures, according to the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Overall input costs surged to unprecedented levels, leading to a rapid increase in selling prices.…
