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February 1, 2018

January 2018; Post-festive reverse

Main conclusions: January’s headline stumbles to 54.6 Four of the sub-indices in positive territory Highest for delivery times Lowest for workforce We release today the latest reading (no 58) of our manufacturing Purchasing Managers’ Index (PMI) for Nigeria, which takes the temperature of the sector. Our PMI was the first in Nigeria. It has developed into a core forward indicator. A PMI is a simple exercise. A selection of companies are asked their view each month on core variables in their business. The respondent, who is characteristically the purchasing manager in a larger firm, has three possible replies: better, unchanged or worse than the previous month. According to the standard methodology, 50 marks a neutral reading and anything higher suggests that the manufacturing economy is expanding. Readings should be released...

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January 8, 2018

December 2017; soaring on seasonal factors

  Main conclusions: Pronounced increase in December to 68.7 for headline All five sub-indices in positive territory Highest for stocks...

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December 4, 2017

November 2017; lower but still healthy

Main conclusions: Considerable decrease in November to 60.1 for headline All five sub-indices in positive territory Highest for output Lowest...

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November 1, 2017

October 2017; A seasonal surge

Main conclusions: Significant increase in October to 64.8 for headline All five sub-indices in positive territory Highest for output Lowest...

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