Nigeria PMI Shows Softest Rise in Selling Prices for a Year
Business activity in Nigeria reached its highest level in four months in May 2024 as inflationary pressures eased to a one-year low, according to the latest Purchasing Managers' Index (PMI) The headline index improved to 52.1 from 51.1 in April. A reading above 50.0 indicates an improvement in business conditions, while a reading below 50.0 signals deterioration. The May data indicated a pick-up in growth within the Nigerian private sector, […]
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