Nigeria’s PMI rises to 56.3 in July

The FBN Purchasing Manager’s Index for July shows a small improvement from June. The headline figure improved from 55.9 in June to 56.3 in July. According to the report Nigerian manufacturers now have better access to imported inputs but they are experiencing challenges when transporting their goods because of the rainy season. Chinwe Egwim, Macro-Economic and Fixed Income Analyst at FBN Capital joins CNBC Africa for an in depth look at the report’s findings.