Nigeria’s composite PMI rises to 53.0 in September, marks fourth month of expansion – CBN
Nigeria’s composite Purchasing Managers’ Index (PMI) rose to 53.0 points in September 2026, marking the fourth consecutive month of expansion in overall economic activity. The post Nigeria’s composite PMI rises to 53.0 in September, marks fourth month of expansion – CBN appeared first on Nairametrics .
Nigeria's composite Purchasing Managers' Index (PMI) rose to 53.0 points in September 2026, marking the fourth consecutive month of expansion in overall economic activity, according to the Central Bank of Nigeria (CBN). The composite PMI increased from 52.7 points in August, with Industry, Services, and Agriculture all recording expansion during the review month.
The September reading was supported by growth in output, new orders, employment, and raw material inventories, while supplier delivery times also improved. The CBN noted that the September composite PMI indicated continued expansion across the economy, with New Orders recording the strongest month-on-month improvement among the major components.
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