Nigeria’s PMI rises for the 13th consecutive month – CBN

Nigeria’s Purchasing Managers’ Index (PMI), a gauge for the direction of economic activities in Nigeria, stood at 49.7 points, indicating a contraction in economic activities for the thirteenth consecutive month.

This was disclosed by the Central Bank of Nigeria (CBN) in its July PMI survey report released on Wednesday.

However, it said the index shows improvement compared to the 48.8 points recorded in the previous month.

PremiumTimes : Read More