NBS report reveals that the real GDP of Nigeria’s Manufacturing Sector contracted by 2.75% in 2020.
MAN has highlighted high inflation rate and scarce forex as factors that impede the growth of the manufacturing sector.
The manufacturing sector relapsed in December from 50.2 index points recorded in the month of November 2020.
The manufacturing PMI rose to 50.2 points in November from 49.4 points recorded in October and 46.9 in September 2020.
