CBN says Nigeria's employment level declined in July. In its purchasing manager's index (PMI) report on Wednesday, CBN said the industry sector employment level index stood at 47.0 points.
In its purchasing manager’s index report on Wednesday, CBN said the industry sector employment level index stood at 47.0 points.“Eight subsectors reported a contraction in the level of employment with the Printing & Related Support Activities reporting the highest contraction,” the apex bank said.
According to CBN, primary metal and transportation equipment sub-sectors reported stationary levels in July.CBN said the industry production index recorded expansion at 50.5 points in July 2024 — indicating growth in production for the second consecutive month. “Eight subsectors reported growth in production during the review month with Water Supply, Sewerage & Waste Management recording the highest growth, Printing & Related Support Activities Subsector was stationary, while the remaining eight subsectors registered declines in production with Transportation Equipment reporting the highest contraction,” the apex bank said
CBN said the reports, including the PMI, business expectation survey , inflation expectation report and other macroeconomic indicators, will provide stakeholders with timely and accurate insights into the country’s economic performance.Obi Cubana: Why my family threw a lavish burial for my mother in 2021Marry a lady you can afford, Ighalo’s ex Sonia advises men
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