THUR NOV 13 2025-theGBJournal| Private sector activity clocked an 11-month growth, with the Central Bank of Nigeria’s (CBN) Purchasing Managers Index (PMI) rising to 55.4 points in October, supported by broad-based growth across industry, services, and agriculture, data from the Central Bank of Nigeria (CBN) revealed on Wednesday.
The level follows a level of 53.4 in September and 54.2 in August, indicating ongoing momentum.
The latest PMI report showed that 25 of the 36 subsectors surveyed recorded growth during the month, extending the country’s run of steady expansion to eleven months.
The performance underscores sustained improvements in business confidence, output, and employment across key segments of the economy.
According to the report, the industrial sector recorded a notable rebound, with its PMI climbing to 54.2 points in October from 51.4 in the previous month.
Nine of the 17 subsectors within the group expanded during the review period, reflecting stronger manufacturing activity and improving supply-chain dynamics.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
