Nigerian businesses deteriorate in October 2024 — Report …C0NTINUE READING HERE >>>
Nigerian businesses recorded significant deterioration in October 2024 as the purchasing manager index dropped to 46.9 from 49.8 recorded in September.
This is according to the Stanbic IBTC Purchasing Managers’ Index (PMI) for October.
The data speaks volumes about the difficulties the majority of businesses in Nigeria face due to rising inflation, which stood at 32.70 per cent in September.
“The headline PMI dropped to 46.9 in October from 49.8 in September,…
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