Stanbic IBTC Bank Nigeria PMI: New order growth hits nine-month high in May

Key findings MAIN STORY Growth momentum strengthened in the Nigerian private sector during May. Marked rises in output and new orders were recorded, with firms ramping up their purchasing accordingly. Expansions in employment remained muted, however. On the price front, higher fuel costs continued to cause sharp increases in input costs and output prices, but … Continue reading Stanbic IBTC Bank Nigeria PMI: New order growth hits nine-month high in May