Stanbic IBTC Bank PMI show private sector downturn continue to deteriorate in 2016

Stanbic IBTC Bank PMI show private sector downturn continue to deteriorate in 2016

Stanbic IBTC Bank Purchasing Managers Index (PMI) revealed that the health of Nigeria’s private sector continued to deteriorate in the final month of 2016, although at the weakest rate since July. The weakening contraction of Nigeria’s private sector stemmed from a slower decline in output, with panel members citing weaker underlying demand. Furthermore, business activity…

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