Browsing: private sector activity

• Stanbic IBTC Bank Nigeria’s headline PMI declined to 46.9 in October from 49.8 reported in September.
• This is a pointer that the country suffered a marked deterioration in business conditions during the start of the fourth quarter.
• Stanbic Bank report says this was the most pronounced dip in private sector trade activity since March last year.

Nigeria suffered the third-fastest rise in overall input prices on record in October 2024 forcing a downturn in the country’s private sector activity at the start of the final quarter of the year.

Stanbic IBTC Bank Nigeria’s headline PMI declined to 46.9 in October from 49.8 reported in September, a pointer that the country suffered a marked deterioration in business conditions. The bank said this was the most pronounced dip in trade activity since March last year.

Persistent price pressures across sectors saw consumers scale back on their spending priorities, contributing to a …

• A survey by Stanbic Bank of Kenya revealed that Kenyan firms continued to report a drop in output levels at the end of the second quarter of 2022
• The rate of decline sped up for the third straight month and was sharp, shown by a further decrease in the seasonally adjusted Output Index to its lowest since April 2021
• The sector’s headline Purchasing Managers’ Index (PMI) fell to 46.8 from 48.2 in May, indicating a continued decline in business conditions and activities in the Kenyan economy

Kenyan firms continued to report a drop in output levels at the end of the second quarter of 2022.

A new survey by Stanbic Bank Kenya indicates that the rate of decline sped up for the third straight month and was sharp, shown by a further decrease in the seasonally adjusted Output Index to its lowest since April 2021.

Surveyed businesses said they were …

• Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response to rising consumer prices and living costs
• The Purchasing Managers Index (PMI) survey by Stanbic Bank indicates that the decline in operating conditions was underlined by a renewed fall in new order volumes
• The Stanbic PMI reading fell below the 50-point neutral mark in April to 49.5 from 50.5 in March

A new report shows that Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response to rising consumer prices and living costs.

The Purchasing Managers Index (PMI) survey by Stanbic Bank indicates that the decline in business conditions, which was the quickest seen since April 2021, was underlined by a renewed fall in new order volumes.

According to survey panellists, lower sales was the principal …