Nigeria's central bank says activities in the country's manufacturing and non-manufacturing sectors have declined for a tenth consecutive month. Its production index for the manufacturing sector revealed that business activity, production levels, new orders, employment levels and raw material inventories declined at a slower rate in both the manufacturing and non-manufacturing sectors in October. Manufacturing PMI stood at 44.1 index points in October 2016, compared to 42.5 in the preceding month, with fourteen of the sixteen sub-sectors surveyed recording declines.
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