ECONOMY: Nigeria’s Real Sector Improves in July as IMF Lowers 2017 Growth Forecast

August 4, 2017/Cowry Asset

The July 2017 survey report on purchasing and supply executives from manufacturing and non-manufacturing businesses recently released by Central Bank of Nigeria showed sustained expansions in both the manufacturing and non-manufacturing businesses.

Sustained expansion in the real sector reinforced our opinion of an imminent exit from the country’s five month long economic recession. The boost in real sector activity could be partly attributed to growing demand for goods and services on the back of improving purchasing power domestically.. click here to view details.