Improved PMI reading foreshadows awaited recovery of businesses

The PMI moved from 51.4 points in March to 53 points in April with improvement recorded for four out of the five sub-indices examined

Nigeria’s manufacturing Purchasing Managers’ Index (PMI), a gauge for manufacturing sentiments, has continued its upward movement on a monthly basis signifying the gradual recovery of business activities in the country’s manufacturing sector. The PMI moved from 51.4 points in March to 53 po

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