PMI index increases to 55 points

Image result for Nigeria's Manufacturing Purchasing Managers’ IndexNigeria’s Manufacturing Purchasing Managers’ Index increased to 55 index points last month, indicating an expansion in the manufacturing sector for the seventh consecutive month.

Eleven of the sixteen manufacturing sub-sectors recorded increase in production level, while five remained unchanged during the month in review.

The employment level index in October stood at 53.1 points, indicating growth in employment level for the sixth consecutive month.

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