✉news BusinessReal Estate first seen 2 h ago, last 1 h ago, peak #31
Nigeria's Economic Recovery Gathers Pace as Industrial PMI Climbs to 52
Original: Nigeria’s Economic Recovery Gathers Pace as Industrial PMI Climbs to 52
Nigeria's industrial Purchasing Managers' Index has risen to 52, a level that signals expansion in the manufacturing sector and suggests the country's economic recovery is gathering pace. A reading above 50 indicates growth, so the figure points to improving output, new orders and business conditions in industry. Observers are watching whether the momentum continues in coming months.
Why now: The PMI crossing into expansion territory offers fresh evidence that Nigeria's economy may be turning around after a difficult period.
Rank over time, top of the chart is #1. 2 snapshots from 2 h ago to 1 h ago.
Evidence
- Nigeria’s Economic Recovery Gathers Pace as Industrial PMI Climbs to 52 · nigeriahousingmarket.com
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