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Central Bank of Nigeria

Summary of Purchasing Managers Index (PMI) in Nigeria

The Central Bank of Nigeria manufacturing purchasing manager index rose to 57.90 in August, 2019 from 57.60 recorded in the previous month, while the Non-manufacturing PMI also grew to 58.8 points in August as compared to 58.7 points recorded initially.

The PMI recorded indicates expansion in the manufacturing sector for the twenty-ninth consecutive month while the non-manufacturing index indicates expansion for the twenty-eighth consecutive month.

The Manufacturing and Non-Manufacturing PMI Report on businesses is based on survey responses, indicating the changes in the level of business activities in the current month compared with the preceding month.

2019 Nairametrics