#IndexTM (PMI®) PMI®

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Stanbic IBTC Bank Nigeria PMI®: Record Rise In Selling Prices

The impact of currency weakness on the Nigerian private sector was evident again in March. Purchase costs rose at the sharpest rate on record, meaning companies increased their own selling prices at an unprecedented pace. The rate of expansion in business activity ticked higher, but steep price rises acted to limit demand and the pace of new order growth eased to a four-month low. Meanwhile,…