Nigeria PMI recovers after bizarre bank note crisis

 Nigeria is big relative to Africa, but small relative to the world, making up just 0.45% of world IP.  

Africa has become much more interesting over the last few years because its growth rate has increased.

And Nigeria's bank note crisis is very bizarre.

Anyway, Nigeria's growth is likely to pick up.  Although the US and Europe are sliding into recession, not all countries are following them down.  So far.

Note: the chart shows the merged time series of the Central Bank's eco survey and the PMI survey, hence the scale.