PMI: Rising production costs threaten manufacturing recovery
6 in May, experts say the marginal improvement masks deeper structural challenges, including soaring energy costs, high interest rates and weak consumer demand, which continue to weigh heavily on production and investment.
Without meaningful relief on production costs, analysts warn that Nigeria’s manufacturing sector could remain under pressure in the months ahead, limiting its contribution to economic growth, employment and non-oil export expansion.
By Yinka kolawole Nigeria’s manufacturing sector may struggle to sustain a recovery unless persistent cost pressures are addressed, analysts have warned, despite tentative signs that business activity is beginning to stabilise.
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