{
  "id": 6680699,
  "title": "NESG: Manufacturing Sector Recorded Strongest Business Expansion in August",
  "url": "https://urgent.news/2026/09/11/nesg-manufacturing-sector-recorded-strongest-business-expansion-in",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T01:29:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/11/nesg-manufacturing-sector-recorded-strongest-business-expansion-in-august/"
  },
  "original_language": "en",
  "account": "The Nigerian Economic Summit Group (NESG) reported that the manufacturing sector experienced its strongest business performance in August 2026, according to the Business Confidence Monitor (BCM) report. The Current Business Performance Index (CBPI) for the sector reached 120.4 points in August, marking a significant improvement from 110.5 points in July 2026 and a notable rise from 106.2 points in August 2025. The report attributed this surge to broad-based strength across subsectors, with key contributors including Food, Beverage & Tobacco, and Chemical & Pharmaceutical Products. Textile, Apparel & Footwear also continued to expand, while cement maintained an elevated level despite a slight decline. Plastic and rubber products, pulp, paper, and wood products, as well as motor vehicles and assembly, all entered expansion territory for the first time in several months. However, the report highlighted that many industry players faced persistent constraints, including inadequate power supply, limited access to financing, high rental costs, and security issues, which heightened cost pressures. The CBPI for agriculture, though declining marginally to 110.5 points, still represented a significant increase from 95.6 points in August 2025, driven by growth in livestock and fishing. Conversely, the non-manufacturing sector saw a decline in business activity, with its CBPI falling to 109.7 points from 116.6 points in July 2026, largely due to a contraction in crude petroleum and oil and gas services.",
  "summary": "Dike Onwuamaeze The Business Confidence Monitor (BCM) report of the Nigerian Economic Summit Group (NESG) showed that manufacturing sector recorded the strongest business performance in August 2026. The report stated",
  "key_points": [
    "Manufacturing sector recorded strongest business expansion in August 2026",
    "CBPI for manufacturing reached 120.4 points in August 2026",
    "Constraints like power supply issues and high rental costs impacted manufacturing"
  ],
  "editors_take": "The manufacturing sector's strong performance in August signals a positive shift in business activity, driven by broad-based growth across subsectors, although persistent constraints continue to pose challenges.",
  "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."
}