NESG-Stanbic IBTC Business Confidence Monitor - November 2024


Posted Wed, Dec 11, 2024 8:35 AM

NESG-Stanbic IBTC Business Confidence Monitor - November 2024

Download The NESG Stanbic IBTC BCM Monitor (2- Pager) Document

The NESG-Stanbic IBTC Business Confidence Monitor (BCM) is the flagship survey-based report of the Nigerian Economic Summit Group (NESG), supported by Stanbic IBTC. 

While business activity showed some seasonal elevation, overall performance across most sectors in Nigeria remained weak in November 2024. The NESG-Stanbic IBTC Business Confidence Monitor's (BCM) Current Business Index showed a net balance of -2.74, which means that businesses are quickly adapting to the current economic situation while taking advantage of the usually busier times of the year.

A sub-sectoral analysis highlighted broadly subdued outcomes, with negative performance noted in Manufacturing (-3.65), Non-manufacturing (-3.62), and Services (-2.08). Meanwhile, modest and weak positive business performance were observed in Agriculture (+1.17) and Trade (+0.32) sectors.

 

Download The NESG Stanbic IBTC BCM Monitor (2- Pager) Document

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