Nigeria Business Mood Stays Upbeat for Longest Run Since 2022

Nigeria Business Mood Stays Upbeat for Longest Run Since 2022

Private sector sentiment in Nigeria improved for a ninth consecutive month, the longest stretch since at least 2022, as a slowdown in inflation drove demand for goods and services.

"Nigeria Maintains Upbeat Business Outlook, Marking Longest Run Since 2022" - InsideBusiness - Business News in Nigeria

Private sector sentiment in Nigeria improved for a ninth consecutive month, the longest stretch since at least 2022, as a slowdown in inflation drove demand for goods and services. The purchasing-manager index compiled by Stanbic IBTC Bank and S&P Global rose to 54.2 points in August from 54 a month earlier. Readings above 50 signal an improvement in business conditions, while those below indicate a deterioration. The reading shows “a sustaine…