CBN September PMI sends early warning sign on state of economy
Aderemi Ojekunle
September 25, 2020

Charles Abuede Slides to 46.9 points, down for fifth month in a row The recently released CBN’s Purchasing Managers Index (PMI) for the month of September, 2020 could be an early warning sign for the Nigerian economy of what lies ahead should the declining trend continue. In the last five months the index has posted […]
PMI records slow growth in February
Businessam Staff
March 3, 2020

The manufacturing purchasing Managers index (PMI) stood at 58.3 index points in February, indicating expansion in the manufacturing sector for the 35th consecutive month. However, the index grew at a slower rate when compared to the index in January. The Central Bank of Nigeria (CBN) disclosed this in its PMI report for February, 2020, posted […]
Manufacturing index expands in August
Businessam Staff
August 27, 2019

The Manufacturing purchasing mmanagers’ Index (PMI) stood at 57.9 index points, indicating an expansion in the manufacturing sector for the 29th consecutive month. The index grew at a faster rate when compared to the index in July. According to the Central Bank of Nigeria’s (CBN) PMI report for August 2019, of the 14 sub-sectors surveyed, […]
PMI expands in July amidst weakening manufacturers’ confidence
Businessam Staff
August 2, 2019

Although the Central Bank of Nigeria (CBN) reported an expansion in the country’s manufacturing purchasing managers index (PMI) for the month of July (57.6 points), local manufacturers’ confidence in the economy has dropped in the second quarter. Manufacturing and non-manufacturing PMI points are aggregated by the CBN following a survey conducted by its statistics department. […]
Analysts say CBN’s February PMI shows manufacturers’ optimism in economy
Ajose Sehindemi
March 5, 2018

Analysts at Lagos-based Cordros Capital have said the latest Purchasing Managers Index (PMI) data released by the Statistics Department of the Central Bank of Nigeria (CBN) shows that business owners and manufacturers are more optimistic about the prospects of the broader economy than a year ago. The manufacturing PMI in the month of February stood […]