Business conditions in Nigeria’s private sector strengthened in May, but the rate of improvement slowed from April.
Softer uplifts were recorded in output, new orders, purchasing activity and input inventories.
That said, new orders continued to rise sharply which prompted a quicker expansion in headcounts.
In turn, sentiment improved with companies also hoping that fruitful marketing campaigns would support output growth over the next 12 months.
Sharp price pressures were once again evident, however, with overall input price inflation among the quickest in…
Source: techeconomy.ng
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