Business Activities Shrink in May Amid Lower New Business Orders; Suggests Fall in Q2 GDP

June 5, 2020/Cowry Asset

Recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed that both manufacturing and non-manufacturing businesses in May 2020 contracted as new orders and production level indices plunged amid negative effect of COVID-19 pandemic.

Click here to read full PDF copy of report

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