Brand Spur Volume 1, Issue 2 - Second Edition | Page 7

Sector Performance : The Slump-o-meter - The Recession Scorecard

• Top four fastest growing sectors account for only 6 % of new jobs in Q1 .
• Sector activity does not mean job creation and employment
• Therefore , growth does not translate into increased consumption and income
Real GDP Growth (%) Q3 ' 16 *
Q2 ' 16
Q3 ' 16
Q2 ' 16
FAAC ( N ' bn )
Q3 ' 16 * Q2 ' 16
Unemployment (%)
Q1 ' 16
Q1 ' 16
Q1 ' 16
-3 -2 -1 0
0 200 400 600 800
11 12 13
14 15
Exchange rate ( N /$ ) parallel )
Q3 ' 16 * Q2 ' 16 Q1 ' 16
0 200 400 600
15 14.5
14 13.5
13
Vacancy Factor Index
Q3 ' 16 Q2 ' 16 Q1 ' 16
55 60 65 70 75
Gross Fixed Investment as % of GDP
2015 2016 2017 2018
FBN PMI
Q3 ' 16 * Q2 ' 16 Q1 ' 16
48 50 52 54 56
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