PMI surges to 54.0 in September — CBN

By Yinka Kolawole

Nigeria’s economy maintained upward momentum successful September 2025, arsenic the Purchasing Managers’ Index (PMI) roseate to 54.0 points from 51.7 points successful August, marking the tenth consecutive period of expansion.

According to the latest PMI study released by the Central Bank of Nigeria (CBN), the scale indicated stronger enlargement successful concern enactment crossed cardinal sectors.

PMI is simply a cardinal indicator of economical health, with readings supra 50 signifying expansion. Nigeria’s 54.0 speechmaking successful September indicates continued betterment successful output, caller orders, and employment.

The betterment reflects broad-based maturation crossed the Industry, Services, and Agriculture sectors, reflecting sustained economical resilience successful the 3rd 4th of 2025.

The Composite PMI maturation successful September, alongside its 3 large sectoral indices (Industry, Services, and Agriculture), indicated a steadfast betterment successful wide economical activity.

The study showed beardown readings crossed cardinal indicators: Output Index 54.8 points; New Orders Index 53.7 points; Employment Index 53.4 points; Raw Materials Inventory 52.9 points; and Suppliers’ Delivery Time, 54.6 points.

The numbers bespeak rising production, higher demand, and faster proviso concatenation performance, suggesting that businesses are operating much efficiently.

Out of 36 subsectors surveyed by CBN, 28 reported expansions, portion lone 8 recorded mild contractions. The Forestry subsector recorded the strongest show with an awesome 73.6 scale points, portion Nonmetallic Mineral Products posted the sharpest diminution to 40.7 scale points.

The Industry Sector PMI rebounded to 51.4 points successful September, up from 49.1 points successful August, signaling a instrumentality to enlargement aft concisely contracting successful the erstwhile month.

Out of 17 concern subsectors, 11 recorded growth, led by Printing & Related Support Activities (59.4 points), portion 6 subsectors showed flimsy contractions, with Nonmetallic Mineral Products being the weakest astatine 40.7 points.

Key indicators wrong the assemblage showed: Output 51.6; Employment 51.9 points; Raw Materials Inventory 51.1 points; and Suppliers’ Delivery Time 54.6 points.

Although New Orders (49.4 points) contracted slightly, wide enactment remained positive, reflecting amended accumulation output and labour engagement.

The Services Sector maintained its coagulated maturation streak for the eighth consecutive month, posting 54.7 points successful September.

All cardinal indicators expanded: Business Activities (56.3), New Orders (55.1), Employment (54.1), and Inventories (53.2), each showing accordant request and employment maturation successful the sector.

Out of 14 subsectors, 12 recorded expansions, led by Educational Services (65.8 points), portion Professional, Scientific & Technical Services saw a mild contraction astatine 45.6 points.

Also, the Agriculture Sector PMI roseate to 54.8 points, marking its fourteenth consecutive period of enlargement and maintaining its presumption arsenic the strongest-performing sector.

Growth was broad-based, with each 5 subsectors expanding. Key sub-indices were: General Farming Activities 55.4 points; New Orders 55.9 points; Employment 53.4 points; and Raw Materials Inventory 54.5 points;

The Forestry subsector led the gains, posting a singular 73.6 points, highlighting sustained cultivation spot and its publication to nationalist output.

The station PMI surges to 54.0 successful September — CBN appeared archetypal connected Vanguard News.