cbn statement, 2022-09-27
While output growth remains positive, the Committee, was concerned about the contraction in economic activities, as indicated by the Composite Purchasing Managers’ Index (PMI), which fell to 47.2 index points in August 2022, below the 50-index point benchmark, compared with 50.4 and 51.9 index points in July and June 2022, respectively, an indication of weakening output growth.
Sentiment: neutral
Topic: mp_economic_activity