Nigeria’s purchasing manager index (PMI), which assesses the overall health of the manufacturing sector including the direction it is headed, saw further improvement in November as demand for goods swelled and the number of people ordering them similarly jumped.
The PMI reading of Africa’s largest economy rose to 54.3 in the month that just went by from 53.6 a month earlier, the Stanbic IBTC Bank Nigeria PMI, issued Thursday showed.
It was the quickest pace at which factory activity has improved since April.
