CBN: Nigeria’s economic activity expands for third month as composite PMI rises to 52.7
Nigeria’s overall economic activity expanded for the third consecutive month in August 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 52.7 points from 51.1 points in July. The post CBN: Nigeria’s economic activity expands for third month as composite PMI rises to 52.7 appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) reported that Nigeria's overall economic activity expanded for the third consecutive month in August 2026, with the Composite Purchasing Managers' Index (PMI) rising to 52.7 points from 51.1 points in July. This improvement was mainly driven by the Services and Agriculture sectors, as well as a return to growth in the Industry sector.
The CBN noted that the August reading indicated a modest recovery in economic activity, with key components such as output, employment, and new orders remaining above the 50-point threshold that separates expansion from contraction.
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