Stanbic IBTC, NBS Launches PMI


Stanbic IBTC Bank in collaboration with the National Bureau of Statistics has launched a purchasing managers’ index that will tracks private sector activity across sectors in Nigeria.
The PMI provides insight into the private sector economy by tracking variables such as output, new orders, employment and prices across key sectors. CNBC Africa’s Wole Famurewa caught up with Yemi Kale, Statistician General at the National Bureau of Statistics and discussed the launch of the PMI and key takeaways.