Price hike pushes Nigeria’s business activities into decline

The report, conducted by Stanbic IBTC, showed that the headline index fell to 50.1 from 52.1 in the previous month. PMI for June signalled a broad stagnation of Nigeria's private due to price pressures which led to a growth decline of output and new orders. “June data signaled 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 some reports of underlying demand improving, but sharp price rises meant that customers faced challenges being able to commit to new projects,” the report added. Reacting to the report, Muyiwa Oni, head of equity research West Africa at Stanbic IBTC Bank said, 'The Stanbic IBTC headline PMI dropped to a seven-month low of 50.1 points in June from 52.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

FCCPC urges retailers to promote fair business practices, price transparencyThe Federal Competition and Consumer Protection Commission, FCCPC, has urged organisations dedicated to consumer welfare and business-to-customer relationships to promote fair business practices.
แหล่ง: DailyPostNGR - 🏆 11. / 59 อ่านเพิ่มเติม »