Tags: Purchasing Managers’ Index

Stanbic IBTC: PMI Hits Two-Year High Amid Stronger Output and New Order Growth

The final month of 2021 revealed a robust expansion in Nigeria’s private sector with the PMI® improving to a 24-month high. Quicker uplifts in output and new orders as well as record inventory building were central to the improvement. Despite the surge in new orders, firms added to their headcounts at the softest pace for…