Economic activities expand second straight month despite industry contraction — CBN
It added: “Overall, the July 2026 PMI points to a recovery in overall economic activity, driven by sustained expansion in the Agriculture and Services sectors, which offset the contraction recorded in the Industry sector.1 points in July 2026, signalling a second consecutive month of expansion in overall economic activity,” the CBN stated.
By Elizabeth Adegbesan Economic activity in Nigeria expanded for the second consecutive month in July 2026 as the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) rose to 51.
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