The Central Bank of Nigeria released its Purchasing Managers’ Index (PMI) for April 2025, reporting a composite PMI of 52.2 index points and indicating expansion in economic activity for the fifth consecutive month. The results point to continued, moderate strengthening across Nigeria and a positive outlook for the second quarter of 2025, while noting margin pressure as input costs outpace output prices. The composite PMI and the sector indices for Industry, Services and Agriculture all recorded expansion. Within the composite measure, Output, New Orders and Employment rose to 53.2, 53.2 and 50.7 index points, respectively, while Stock of Raw Materials increased to 51.7 and Suppliers’ Delivery Time improved to 51.0. Across 36 subsectors, 22 recorded growth led by Transportation Equipment, while 14 contracted with Paper Product showing the largest decline; in the Industry sector, the PMI was 51.8 with Output at 53.8, New Orders at 51.5, Employment at 50.8, Stock of Raw Materials at 50.5 and Suppliers’ Delivery Time at 51.0.
Central Bank of Nigeria 2025-05-09
Central Bank of Nigeria publishes April 2025 PMI at 52.2 signalling a fifth consecutive month of expansion
The Central Bank of Nigeria reported a composite Purchasing Managers’ Index (PMI) of 52.2 for April 2025, indicating economic expansion for the fifth consecutive month. The report highlights moderate strengthening across sectors, with Output, New Orders, and Employment indices rising, despite margin pressures from input costs outpacing output prices. Among 36 subsectors, 22 showed growth, led by Transportation Equipment, while 14 contracted, with Paper Product experiencing the largest drop.