The latest Purchasing Managers’ Index (PMI) report on Nigeria released by Stanbic IBTC for March this year showed that the headline PMI was unchanged at 51.0 in March, indicating no change in manufacturing activities from the index recorded in February. Analytically, the report implies that major activities in the manufacturing sector for the month remained […]
Tag: Purchasing Managers Index (PMI)
Analysts Task FG On Improved PMI, Amid Surging Inflation
Economists and investment researchers at the Centre for the Study of the Economies of Africa (CSEA), a leading research firm with primary focus on developments in African economies, have advised the Federal Government on fiscal and other economic strategies required to improve the nation’s Purchasing Managers’ Index (PMI), despite the current whirlwinds. The researchers, in […]
Nigeria’s PMI Rises To 52.7 Amid Blurry Business Outlook For 2024
The latest Stanbic IBTC Purchasing Managers Index (PMI) for Nigeria has reflected that the organized private sector (OPS) posted improved growth to 52.7 in December 2023, up from 48.0 recorded in the preceding month. However, despite the improved performance of the private sector, the business outlook of the economy for the new year ebbed to […]
Economy: Experts Forecast 1.54% GDP For Nigeria In Q4
….As PMI Dips To 49.1% In October Economists at CAPE Economic Research and Consulting firm have predicted that in the medium-term Nigeria’s economic output growth (Gross Domestic Product) growth rate would moderate to 1.73 percent in the 5rd quarter and dipped further by 0.02 percentage points to 1.54 percent in Q4 this year. The experts, […]
Nigeria’s PMI Drops To 50.2 In August, As Inflation Rate Surges
Latest Nigeria’s Purchasing Managers Index (PMI) report indicated that the index dropped to 50.2 in August, down from 51.7 in July, which showed that efforts by the government to grow the economy are yielding minimal impact with the MPI marking the lowest rate over the past five months. As expected the report is sending worrying […]
Nigeria’s GDP Growth To Decelerate To 2% In Q1 2023 – Analysts
As the recent monetary policy measures of the Central Bank of Nigeria (CBN) and electioneering campaigns continue to constrain economic activities nationwide over the past few weeks, researchers at Proshare Nigeria Limited have projected that the nation’s Gross Domestic Product (GDP) will slow down to 2% in the first quarter this year. This is far […]