Manufacturing PMI at 35-month low signals lingering woe for growth-challenged Nigeria

After recording its fastest quarterly growth since 2016 recession, the coronavirus outbreak could see Nigeria’s economy slow or contract in the first quarter of 2020, as manufacturers have become less optimistic amid supply shortage and slowing demand. Nigeria’s manufacturing Purchasing Managers’ Index (PMI), a gauge for manufacturing sentiments, slowed in March 2020 to its lowest…