Posted on January 3, 2017 by Research Team

Nigeria Historical Purchasing Managers Index (Updated December 2016)

Nairametrics|The Manufacturing PMI stood at 52.0 index points in December 2016 compared to 46 in November. This indicates a rebound in the manufacturing sector during the review period. This is the third straight month of improvement.

The composite PMI for the non-manufacturing sector snapped off an eleventh month consecutive decline to rise to 48.2 points in December 2016 compared to 42.8 points in November 2016.

The Statistics Department, Central Bank of Nigeria conducts a monthly survey of purchasing and supply executives of manufacturing and non-manufacturing organizations in 13 locations in Nigeria; two states in each of the six geo-political zones, and the FCT. The survey results are used to compute the monthly Purchasing Managers’ Index (PMI).

A composite PMI above 50 points indicates that the manufacturing/non-manufacturing economy is generally expanding, 50 points indicates no change and below 50 points indicates that it is generally declining.

Purchasing Mangers Index - Nigeria



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