Nigeria’s economy sustains growth as PMI rises to 53.2 points
- ✦Industry, agriculture strengthen expansion; services growth slows By Emma Ujah, Abuja Bureau Chief Nigeria’s economy sustained its growth momentum in October 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 53.2 points from 53.0 points in September, indicating a fifth consecutive month of expansion in economic activities.
- A breakdown of the sectoral performance showed that the Industry PMI rose to 52.6 points in October from 52.0 points in September, representing a third consecutive month of expansion in industrial activities.
- The Output Index rose to 53.5 points in October, while the New Orders and Employment indices increased to 52.1 points and 52.7 points, respectively.
- Industry, agriculture strengthen expansion; services growth slows By Emma Ujah, Abuja Bureau Chief Nigeria’s economy sustained its growth momentum in October 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 53.2 points from 53.0 points in September, indicating a fifth consecutive month of expansion in economic activities.
•Industry, agriculture strengthen expansion; services growth slows By Emma Ujah, Abuja Bureau Chief Nigeria’s economy sustained its growth momentum in October 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 53.2 points from 53.0 points in September, indicating a fifth...
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What is the latest development regarding Federal Capital Territory?
A breakdown of the sectoral performance showed that the Industry PMI rose to 52.6 points in October from 52.0 points in September, representing a third consecutive month of expansion in industrial activities.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, Central Bank of Nigeria.
What timeline or key figures were confirmed?
Industry, agriculture strengthen expansion; services growth slows By Emma Ujah, Abuja Bureau Chief Nigeria’s economy sustained its growth momentum in October 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 53.2 points from 53.0 points in September, indicating a fifth consecutive month of expansion in economic activities.
