Tag: PMI
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PMI: Nigeria’s manufacturing sector records first growth since May
The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. The manufacturing PMI for the month…
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Stanbic IBTC Bank PMI hits record high in March
…Headline PMI accelerates to 58.8 in March, from 56.0 …Inflows of new orders grow at record pace …Unprecedented job creation as firms look to increase output capacity Private sector business conditions in Nigeria improved at an unparalleled rate in March, led by record growth in new orders, employment and stocks of purchases. Panel respondents frequently…