Industrial sector activities decline in August — CBN 

Activities successful the concern assemblage declined astatine 49.1 scale points successful August 2025 from 51.1 scale points successful July.

The CBN, disclosed this, yesterday successful its Purchasing Managers Index Report for August 2025.  

The study stated: “The Industry assemblage index, astatine 49.1 points, indicated contraction successful concern activities successful August 2025.

“Output, New Orders and employment indicated diminution successful August 2025 astatine 49.6, 47.2 and 48.9 scale points, respectively.

“Similarly, banal of earthy materials experienced contraction astatine 48.9 scale points successful the reappraisal month.

“However, successful August 2025, the Suppliers’ Delivery Time scale recorded accelerated transportation clip astatine 52.4 scale points.  

“Among the 17 sub-sectors surveyed successful the Industry sector, 7 recorded expansions, portion the remaining 10 subsectors indicated contraction.

  “The sub-sector with the highest enlargement was Transportation Equipment, portion Paper Products recorded the highest level of contraction.”  

However, the CBN said the work and Agriculture sectors recorded enlargement successful August.

The CBN noted that the work assemblage stood astatine 51.9 scale points, representing a 0.9 point  diminution compared to 52.8 scale points successful July arsenic the agriculture assemblage maintained stableness astatine 53.9 scale points.  

This resulted successful an wide enlargement successful economical activities astatine 51.7 scale points successful August, representing a 1.0 constituent diminution compared to 52.7 scale points recorded the erstwhile month.  

The study further stated that: “The composite PMI for August 2025 stood astatine 51.7 points, indicating an enlargement successful economical activities for the ninth consecutive month.

“Out of the 36 subsectors covered successful the survey, 22 experienced enlargement successful economical activity.  

“The Service Sector index, astatine 51.9 points successful August 2025, indicated enlargement for the seventh consecutive month, with 10 (10) subsectors signaling maturation successful economical activities retired of the fourteen (14) subsectors covered.  

The station Industrial assemblage activities diminution in August — CBN  appeared archetypal connected Vanguard News.