January 3, 2020/Cowry Asset
Recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed faster expansions in both manufacturing and non-manufacturing businesses in December 2019 as production level and new orders indices further grew faster.
According to the survey, the manufacturing composite PMI expanded faster to 60.8 index points in December (from 59.3 in November), the sixteenth consecutive expansion.