ECONOMY: April – June 2018 Expansions in PMIs, Reflective of Positive GDP in Q2 2018…  
  Central Bank of Nigeria (CBN) released its Purchasing Managers’ Index (PMI) survey report for June 2018, showing faster expansions in both manufacturing and non-manufacturing businesses. Growth in the manufacturing sector was fuelled by increased customer demand on lower selling price while non-manufacturing business activity picked amid stability in foreign exchange. According to the survey, the manufacturing composite PMI stood at 57.00 index point in June 2018 (higher than 56.5 index point in the preceding month), the fifteenth consecutive expansion.  
     
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