SMEs report rise in demand as Nigeria PMI swings back to positive

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, moved back into positive territory in February 2021 after recovering from 44.5 in January to 53.0 points, according to data by FBN Quest and NOI. The index had declined sharply from 55.0 in Decembe

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