THE IMPACT OF INFLATION ON MANUFACTURING SECTOR OUTPUT GROWTH

ABSTRACT

The study examined the impact of inflation on manufacturing sector output growth from 1981-2016 using annual time series secondary data and ordinary least square estimation technique. The empirical finding of the study reveals that inflation has a positive significant impact on Nigeria’s manufacturing sector output growth. The study therefore recommended that government should always monitor the rate of inflation in the country so as to ensure it does not spiral out of control and have deleterious effect on the economy.

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