The manufacturing sector relapsed in December from 50.2 index points recorded in the month of November 2020.
Scarcity of dollar, depressed oil prices and limited fiscal support to contract economy further.
Out of the 14 subsectors surveyed, 6 subsectors reported expansion.
Manufacturing PMI in the month of July stood at 44.9 index points.
This is the first clear data-driven sign that Nigeria is in a recession.
COVID-19 has had a major effect on the global economy, which is now stuck between uncertainty and a self-induced fall in demand
Nigeria’s manufacturing sector has continued to gain momentum as it rallied to build on the growth recorded in the third quarter of 2019.
The Central Bank of Nigeria’s manufacturing purchasing managing index has witnessed an increase from 58.0 as at September to 58.2 points in October. The apex bank in the...
The Central Bank of Nigeria [@cenbank] has released the latest Purchasing Managers’ Index (PMI) for July 2019 and it shows that Nigeria’s manufacturing sector keeps expanding...
The latest Purchasing Managers’ Index (PMI) released by the Central Bank of Nigeria (CBN) shows that Nigeria's manufacturing sector slowed down in June 2019.