June data signalled a broad stagnation of the Nigerian private sector as subdued demand and intense price pressures led to slowdowns in growth of output and new orders. In turn, employment rose only fractionally. There were signs of inflationary pressures…
Stanbic IBTC Bank Nigeria PMI®: Nigeria’s private sector shows signs of improvement
Nigeria’s private sector showed signs of improvement in May, according to the latest Stanbic IBTC Purchasing Managers’ Index™ (PMI®) data. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.…
Stanbic IBTC Bank Nigeria PMI shows slight improvement in April
Inflationary pressures in Nigeria eased slightly in April, according to the latest Stanbic IBTC Purchasing Managers’ Index™ (PMI®). The PMI, which measures business conditions in the private sector, rose to 51.1 in April from 51.0 in March, signalling a fifth…
Stanbic IBTC Bank Nigeria PMI®: Nigerian private sector faces contraction amid soaring price pressures
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,…