₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,254,189 members, 4,934,828 topics. Date: Tuesday, 21 May 2019 at 05:58 AM

Nigerian Economy Now Out Of Recession And Growing Strongly - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigerian Economy Now Out Of Recession And Growing Strongly (375 Views)

Nigeria Is Out Of Recession And President Buhari Is Transforming The Economy / 'I Think Nigeria Is Getting Out Of Recession' - Finance Minister, Kemi Adeosun / Nigerian Economy Out Of Recession, Growing Strongly—world Economics (2) (3) (4)

(1)

Nigerian Economy Now Out Of Recession And Growing Strongly by tbaba1234: 11:51am On Apr 19, 2017
The Sales Managers Index: Nigeria

Nigerian Economy Now Out of Recession and Growing Strongly
Market Growth Index at highest level in over a year
Monthly sales pick up sharply in April
Rate of price inflation remains substantial but continues to moderate

April Sales Managers’ Index (SMI) data suggests that the Nigerian economy is continuing to grow out of the recession which saw 10 months of consecutive contraction in 2016. The Market Growth Index grew to 58.5 in April as the monthly Sales Growth Index ticked up to 56.7, its highest value since 2015 and representative of rapid growth. Price inflation for April, which is tracked by the Prices Charged Index, remained high at 58.7 - indicative of high levels of inflation, however a slowing trend has developed for the past 9 months. Panelists have explained that although conditions remain difficult for businesses, they are adapting to the challenges and the recent changes to the Naira’s FX rate are aiding sales transactions. Overall, conditions in Nigeria have improved further over the past month and managers are expressing renewed optimism that the economy will continue to grow and regain strength after the recession.

Headline Sales Managers’ Index



Market Growth Index



http://www.worldeconomics.com/SMI/Nigeria-SalesManagersIndex.efp

1 Like

Re: Nigerian Economy Now Out Of Recession And Growing Strongly by Mynd44: 12:02pm On Apr 19, 2017

(1)

5 Signs That Shows Buhari Is No Longer In Charge And Implications / Ebonyi State Lawmaker, Dances To Celebrate Project / Nairalanders Parliament And Economic Thinktank

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 24
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.