Tag
BUSINESS ACTIVITIES
The Central Bank of Nigeria's (CBN) Purchasing Managers' Index (PMI) report for July indicates a continued contraction in economic activities, marking the 13th consecutive month of decline since June 2023.
Business activities in Nigeria’s private sector contracted for the first time since November 2023 in July mainly due to reduction in new orders and high prices limiting demand.
Nigeria’s Purchasing Managers’ Index (PMI) drop to a seven month of 50.1 in June as inflationary pressures led to a slowdown in business activities in the month.