Business Activity Declines To 49.8 Points As Inflationary Pressures Strengthen …C0NTINUE READING HERE >>>
Stanbic IBTC Purchasing Managers’ Index (PMI) report said that inflationary pressures continue to hit Nigerian businesses as activity declined to 49.8 points in September.
The headline PMI was little-changed in September, posting 49.8 following a reading of 49.9 in August. As such, the index pointed to a further fractional deterioration in business conditions, the third in as many months.
Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.
The report said “inflationary pressures intensified in…
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