February 7, 2020/Cowry Asset
Recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed slower growth in both manufacturing and non-manufacturing businesses in January 2020 as production level and new orders indices moved southwards. According to the survey, the manufacturing composite PMI expanded slower to 59.2 index points in January (from 60.8 in December), the seventeenth consecutive expansion.
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