Economic recovery accelerates as Sept PMI rises to 53 points

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Economic recovery accelerates as Sept PMI rises to 53 points

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Nigeria's composite Purchasing Managers Index rose to 53 points in September, signaling a faster pace of economic recovery at the end of the third quarter. The report attributes the improvement to a sharp rebound in industrial activity and continued resilience across key sectors.

By Elizabeth Adegbesan The momentum of Nigeria’s economic recovery picked up significantly at the end of the third quarter, fueled by a sharp rebound in industrial activity and sustained resilience across key economic pillars. The Central Bank of Nigeria’s (CBN) Purchasing Managers Index (PMI) report, released during the weekend, showed that the composite PMI rose […] The post Economic recovery accelerates as Sept PMI rises to 53 points appeared first on Vanguard News.

World Markets Nigeria economic recovery PMI industrial activity manufacturing Central Bank of Nigeria

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