Nigeria Stanbic IBTC Bank Nigeria PMI

This index, produced by the Stanbic IBTC Bank Nigeria Purchasing Managers Index, monitors the performance of the private sector and is based on a survey of 400 enterprises from various industries including agriculture, manufacturing, services, construction, and retail. All five indicators were evaluated based on the characteristics: New Orders (30%), Production (25%), Workforce (20%), Provider Delivery Times (15%), and Inventory of Items Purchased (10%), with the Delivery Times index reversed so that it moves in a similar direction. A rating of more than 50 shows an increase in private sector activity when compared to the previous month, a value less than 50 suggests a decrease, and a reading of 50 indicates no change.

A higher than expected figure should be seen as positive (bullish) for the NGN while a lower than expected figure should be seen as negative (bearish) for the NGN.

Source:  S&P Global
Category:  Composite PMI
Units:  Points
Details
Impact: Low
Country:
Currency: NGN
Latest Release
Previous: 49.9
Consensus: 50.3
Actual: 49.8
Next Release
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