Brand Spur Volume 1, Issue 2 - Second Edition | Page 6

Is Nigeria in a Recession ? 24 GDP Growth (Q2’16) -2.06% Inflation 17.1% Unemployment + Underemployment (Q2’16) 32.6% Misery Index (Q2’16) 49.7% Vacancy Factor Index (Q2’16) 172 Manufacturing PMI 42.1 Consumer Confidence (Q2’16) Yes, a mild one -24.2 Aggregate consumption (% GDP) 29% BRANDSPURNG.COM MaidenEdition