Nigeria’s PMI drops to 52.8 index points in July

PUBLISHED: Wed, 12 Aug 2020 15:14:02 GMT


Nigeria’s Manufacturing Purchasing Managers’ Index fell slightly from 53.9 index points to 52.8 index points in July. That’s according to FBN Quest Merchant Bank. In its published PMI report for July, the bank also noted that the manufacturing index will soon start reflecting the impact of forex shortage. Chinwe Egwim, Economist at FBN Quest Merchant Bank joins CNBC Africa for more….

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.