Improving Business Condition Pushes Nigeria’s PMI Up

Nigeria’s Purchasing Managers Index rose to 54.1 in October from 52.3 in September, according to a report by Stanbic IBTC Bank.

The company said the growth indicated a 16th successive monthly expansion, and also signalled a solid improvement in business conditions in Nigeria’s private sector with output, new orders and buying activity rising sharply. “Consequently, firms raised their output levels at a marked and accelerated pace. Sector data indicated that all four sub-sectors saw faster increases in output. Manufacturers registered the steepest expansion, followed by wholesale and retail, services and agriculture, respectively,” it said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Prime Business Election Debate: Governorship Candidates Pledge Security, Economic Revival For Nigeria’s Southeast State, Anambra | The Guardian Nigeria News - Nigeria and World NewsANAMBRA STATE, Nigeria, November 2, 2021 -/African Media Agency(AMA)/- Ahead of the tension-soaked November 6 governorship election in Nigeria’s Southeast state of Anambra, candidates, Saturday evening (October 30), participated in an election debate organised by Prime Business Africa to provide insight into what their blueprint would for the people of the state. The debate aptly titled ‘Anambra 2021: Security And Economy […] What is their position on the referendum that their constituents are calling for?
Source: GuardianNigeria - 🏆 1. / 94 Read more »