Breaking News

Tag Archives: Nigeria PMI

Nigeria’s Manufacturing Index Improve to 50 Points After 6 Months Contraction

The Manufacturing Purchasing Managers’ Index (PMI) for November 2020 recorded expansion after six consecutive months of contractions (May to October 2020). However, non-Manufacturing PMI sustained negative direction while unemployment level also remains negative for the eighth consecutive month. In its PMI Report for November released yesterday, the Central Bank of …

Read More »

Nigeria’s Manufacturing Sector Contracts for 4th Month

The Manufacturing PMI in the month of August stood at 48.5 index points, indicating contraction in the manufacturing sector for the fourth consecutive months. According to the Central Bank of Nigeria (CBN) data, of the 14 subsectors surveyed, 6 subsectors reported expansion (above 50% threshold) in the review month in …

Read More »