The private sector experienced a contraction in July, marking the first decline in business activity in eight months. The Stanbic IBTC Purchasing Managers’ Index (PMI) fell to 49.2 in July, down from 50.1 in June, indicating a slight deterioration in…
Stanbic IBTC Bank Nigeria PMI: Business conditions improve in July amid strong client demand
A return to growth in output and stronger inflows of new orders helped underpin a further improvement in operating conditions in the Nigerian private sector during July. In turn, according to a statement, businesses increased their purchasing activity at the…
Private sector activity growth slows in May, but demand conditions remain favourable – Stanbic IBTC
Business conditions in Nigeria’s private sector strengthened in May, but the rate of improvement slowed from April. Softer uplifts were recorded in output, new orders, purchasing activity and input inventories. That said, new orders continued to rise sharply which prompted…
Stanbic IBTC Bank Nigeria PMI® records Q3 private sector growth amidst intense cost pressures
Stanbic IBTC Bank Nigeria’s Purchasing Managers’ Index™ (PMI®) for quarter 3 in 2021 indicates that private sector activity has continued to expand but with intense cost pressures weighing on growth. Read the details below: Nigeria’s private sector concluded the third…