{
  "id": 14840334,
  "title": "Manufacturing Declines as Business Performance Index Grew in September",
  "url": "https://urgent.news/2026/10/16/manufacturing-declines-as-business-performance-index-grew-in-september",
  "topic": "world",
  "section": "World",
  "published": "2026-10-16T01:36:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/16/manufacturing-declines-as-business-performance-index-grew-in-september/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Business Confidence Monitor (BCM) reports that the manufacturing sector experienced a sharp decline in September 2026, with the Current Business Performance Index (CBPI) for the sector falling to 108.4 points, down from 120.4 points in the previous month. This downturn is attributed to contraction in the cement sub-sector and is further exacerbated by growth-inhibiting constraints such as energy shortages, inadequate supply of raw materials, high rental costs, credit squeeze, and infrastructure challenges faced by many players in the manufacturing sector. Despite this decline, the overall business activity in Nigeria sustained expansionary momentum in September 2026, with the Current Business Performance Index (CBPI) jumping to 117.8 points from 112.7 points in August 2026, driven by expansion across various sectors, with trade recording the strongest performance.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}