The Manufacturing Purchasing Managers’ Index (PMI) for November 2020 marginally expanded after six consecutive months of contractions. However, the non-Manufacturing PMI sustained its negative trend just as unemployment level continued its surging trend for the eighth consecutive month in the month under review. The Central Bank of Nigeria (CBN) in its just published PMI Report […]
Tag: Non-Manufacturing PMI
Manufacturing PMI Rises To 49.4 In October As Unemployment Worsens
Nigeria’s Manufacturing PMI in the month of October stood at 49.4 index points, indicating slowing contraction in the manufacturing sector compared with the last five months, the Central Bank of Nigeria (CBN) has reported. Similarly, the apex bank’s October 2020 Purchasing Manager’s Index Survey reflected that the PMI for the non-manufacturing sector stood at 46.8 […]