Economic activities expand as PMI hits 52.7pts —CBN
‘‘The August 2026 PMI points to a modest recovery in overall economic activity, driven by sustained expansions in the Services and Agriculture sectors, and further helped by a recovery in the Industry sector.”By Babajide Komolafe Nigeria’s economic activities expanded for the third consecutive month in August as the Composite Purchasing Managers’ Index (PMI) rose to 52.3 points in August 2026, reflecting an expansion for the second month in business activity within the sector.
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