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 signals strong economic recovery in January
In a promising start to 2024, the Nigerian private sector witnessed a robust recovery, as indicated by the latest data from the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). The PMI figures for January revealed a notable acceleration in both output…
Stanbic IBTC Bank Nigeria PMI: Output falls for 2nd month running as inflationary pressures remain elevated
Companies in Nigeria continued to be negatively impacted by strong inflationary pressures in November, with new orders and output both falling as customers were either reluctant or unable to pay higher charges. Purchase prices rose at the fastest pace in…
Stanbic IBTC Bank Nigeria PMI® – New order growth hits 6-month high in November
Stanbic IBTC Bank Nigeria has released the Purchasing Managers’ Index™ (PMI®) for the month of November indicating faster rises in output and new orders According to a statement from the lender, inflationary pressures remain elevated, while business confidence is at…
Stanbic IBTC Bank Nigeria PMI®: Output growth quickens to 5-month high
The end of the third quarter of 2022 saw growth gather momentum in the Nigerian private sector. Sharper rises in output and new orders were recorded, while there were emerging signs of capacity pressures. Cost inflation remained elevated, in large…