Report: Nigeria’s PMI rose to 54.3 in November

Stanbic IBTC Bank’s Nigeria Purchasing Managers’ Index (PMI), which is compiled by S&P Global, rose to 54.3 in November from 53.6 in October, according to a report issued by the lender.
 
The report stated that business conditions continued to improve significantly in the Nigerian private sector during November amid improving demand and higher customer numbers, adding that firms expanded their purchasing activity and employment.
 
According to the report, readings above 50.0 signal an improvement in business conditions in the previous month, while readings below 50.0 show a deterioration. Specifically, the report said: “The headline PMI rose to 54.3 in November from 53.6 in October, pointing to a solid monthly improvement in business conditions in the Nigerian private sector. The health of the private sector has now strengthened in 29 successive months, with the latest improvement the most pronounced since April.
 
More details at:
https://www.newtelegraphng.com/report-nigerias-pmi-rose-to-54-3-in-november
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