Nigeria’s industrial sector recorded a downturn in August 2025, with activities contracting to 49.1 index points, according to the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) report released on Thursday.
The contraction was linked to declines in 10 of the 17 subsectors surveyed. Output, new orders, and employment indices fell to 49.6, 47.2, and 48.9 points respectively, while raw materials inventory also contracted at 48.9 points.
Despite the weakness, suppliers’ delivery time improved, climbing to 52.4 index points. Among subsectors, transportation equipment saw the strongest expansion, while paper products suffered the sharpest contraction.
The overall economy, however, remained in growth territory, with the composite PMI standing at 51.7 points, marking the ninth consecutive month of expansion. Services rose to 51.9 points, while agriculture climbed to 53.9 points.
Out of 36 subsectors surveyed, 22 posted growth. The agriculture sector maintained its 13-month expansion streak, while services sustained growth for the seventh consecutive month.
The report also flagged input and output price pressures, with the industry sector recording the widest gap at 7.4 points compared to 3.7 points in services.
According to the CBN, “The expansion for services and agriculture sectors underpins a favourable outlook in the third quarter of the year (Q3’25).”
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