Stanbic IBTC Bank November PMI Shows Sharp Rise in New Orders

Stanbic IBTC Bank Nigeria PMI: New Orders Rise Sharply As Inflationary Pressures Wane

The introduction of new products helped to boost customer demand in November, leading to further expansions of new orders and business activity in the Nigerian private sector. Meanwhile, the recent trend of easing inflationary pressures continued. Input costs increased at the slowest pace in almost five years, while output prices rose to the least extent since April 2020. The headline figure derived from the survey is the Stanbic IBTC Purchasing…

Stanbic IBTC Bank November PMI Shows Sharp Rise in New Orders

By Modupe Gbadeyanka In November 2025, business activity witnessed an expansion, through the Purchasing Managers’ Index (PMI) slightly went down to 53.6 points from the 54.0 points recorded in October. According to Stanbic IBTC Bank, which released the latest figure, there was a sharp rise in new orders, helped by improvement in customer demand for […]

November PMI Points to Continued Growth as Stanbic IBTC Index Surpasses 50 for 12 Straight Months - Tech

Nigeria’s private sector recorded another month of improvement in November as new product introductions helped strengthen customer demand, driving further growth in new orders and business activity across key sectors. The latest Stanbic IBTC Purchasing Managers’ Index (PMI) shows that easing inflationary pressures also supported performance, with input costs rising at the slowest pace in nearly five years and output prices increasing at their we…