Economy exits contraction but households remain pessimistic — CBN

But, according to another report, Household Expectations Survey (HES), also released yesterday by the apex bank, Nigerians remained pessimistic about prevailing economic conditions in June despite growing optimism about the medium-term outlook.” On the outlook for the broader economy, the CBN said: “Overall, the June 2026 PMI points to a modest recovery in overall economic activity, driven by sustained expansion in the Agriculture sector, which offset the contractions recorded in the Industry and Services sectors.” The report added: “The return of the Composite PMI to expansionary territory, coupled with easing input and output price pressures, suggests improving business conditions and provides a cautiously optimistic outlook for economic growth in the near term.