Nigeria's Manufacturing Expands for 27th Consecutive Month - THISDAYLIVE

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Nigeria's Manufacturing Expands for 27th Consecutive Month via thisdaylive

The Manufacturing Purchasing Managers’ Index stood at 57.4 index points in the month of June, indicating an expansion in the manufacturing sector for 27 consecutive months.

It added: “The Manufacturing PMI in the month of June stood at 57.4 index points, indicating expansion in the manufacturing sector for the 27thconsecutive month. The index grew at a slower rate when compared to the index in the previous month. “ It also stated: “At 59.3 points, the production level index for the manufacturing sector grew for the twenty-eighth consecutive month in June 2019. The index indicated a faster growth in the current month, when compared to its level in the month of May 2019. Twelve of the 14 manufacturing sub-sectors recorded increased production level, 1 remained unchanged while one recorded decline.”

 

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