Nigeria’s July PMI: Demand Recovers, but Industry Remains the Missing Link
Summary: Nigeria’s private-sector activity strengthened in July, with the Composite Purchasing Managers’ Index (PMI) rising to 51.1 from 50.1 in June, marking a second consecutive month of expansion. More importantly, the improvement was underpinned by stronger demand, as New Orders rose to 50.8 from 49.0 and Output increased to 51.8 from 50.5. The recovery, however, […]