Good Morning Nigeria: PMI reading no 33: healthy and flattish
​PMI reading no 33: healthy and flattish
The latest report for our manufacturing Purchasing Managers’ Index (PMI) shows a very small decline from 54.4 in November to 54.2. Our partner in this exercise, NOI Polls, has compiled the data. The index is a familiar release at the start of the calendar month in developed markets (such as the ISM in the US), the larger emerging markets such as China and India, and a few other frontier markets like Vietnam. It is based on the responses of a number of manufacturing companies to set questions on core variables in their businesses. The index should be viewed as a forward-looking sentiment indicator, with the potential to move financial markets.
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