Tags : PMI

PMI Drops Marginally By 0.1 Points

Stanbic IBTC PMI report has shown that the Purchasing Managers Index, PMI, which gauges the level of activities in the real sector, has dropped marginally by 0.1 percent to 53.6 points in October 2022 from 53.7 in September. In the headline figure derived from the survey readings above 50.0 signal positive direction in business conditions […]Read More

PMI Hits 56% In April 2022

According to its Purchasing Managers Index for the month, Stanbic IBTC Bank has said that the Nigerian private sector’s growth quickened in April. The PMI grew to 55.8 in April, up from 54.1 in March. The report stated that the headline PMI signaled a sharp improvement in business conditions in Nigeria’s private sector. According to […]Read More

PMI Dips In January 2022

The Stanbic IBTC Purchasing Power Index has dropped to 53.7 per cent in January 2022 from 56.4 in December 2021. The drop, which reflected a four-month low, was attributed to the cost pressures that remained sharp in January, but purchase price inflation eased notably from December’s previous peak. The survey report from Stanbic IBTC shows […]Read More

Manufacturing Index Expands To 47.3 Points

The Central Bank of Nigeria has said that the economy has recorded slight expansion Month-on-Month, MoM, in October 2021 as the Manufacturing Purchasing Managers Index (PMI) rose to 47.3 index points, as against 46.6 index points recorded in the preceding month. However, the new index point still falls below the positive benchmark of 50 index […]Read More

Nigeria’s PMI Hits 55.4 in July

Nigeria’s Purchasing Managers Index has  risen to 55.4 in July from 53.6 in June this year. This is according to a report by the lender Stanbic IBTC.  The company said this signalled a marked improvement in business conditions, describing it as one of the strongest PMIs since January 2020.  According to the report, “Nigeria’s private […]Read More

Manufacturing Sector Grew Slightly In April

The Central Bank of Nigeria has disclosed in its Monetary Policy Committee report that the manufacturing sector recorded marginal growth as the Purchasing Managers’ Index rose to 49.0 index points in April from 48.8 index points in March 2021. It said, “The committee noted the marginal growth in the Manufacturing Purchasing Managers’ Index to 49.0 […]Read More