Nigeria’s purchasing manager index (PMI) reading for April indicates a shift in economic growth momentum, with 19 subsectors showing signs of decline, as noted in a recent review by Cowry Asset Limited.
The April PMI suggests the economy is transitioning from steady expansion to slower growth, with broad decline across key indicators—particularly in new orders, output, and employment—reflecting weakening demand conditions, especially within the Services sector.
While Agriculture continues to hold steady and provide some support, there are early indications of moderation in that sector as well, analysts said in the commentary note.See Full Details. .
