Manufacturing Slows as Business Confidence Index Rises in September

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Manufacturing Slows as Business Confidence Index Rises in September

LAGOS — The Nigerian Economic Summit Group's Business Confidence Monitor rose to 117.8 in September from 112.7 in August. Manufacturing fell to 108.4 from 120.4, with cement, chemicals and pharmaceuticals, plastics, basic metals and motor vehicles all contracting. Agriculture improved to 117.7 and trade jumped to 128.5, while services fell to 107.7. Businesses named energy costs, raw materials, rent, credit and infrastructure as their main constraints.

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