Nigeria’s industrial sector witnessed a decline in August 2025, as activities dropped to 49.1 index points, compared to 51.1 index points in July, according to the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) report.
The report revealed that industrial performance contracted across several key indicators. Output stood at 49.6 index points, new orders dropped to 47.2 points, and employment fell to 48.9 points, reflecting weaker demand and reduced hiring. Raw material inventories also contracted, closing at 48.9 points. However, suppliers’ delivery time improved, recording a faster pace at 52.4 index points.
Out of the 17 subsectors surveyed within the industrial sector, seven recorded growth while ten showed contraction. Transportation Equipment led the expansion, while Paper Products experienced the steepest decline. Despite these setbacks, the service and agriculture sectors provided some balance, with the service sector posting 51.9 points—slightly lower than July’s 52.8 points—while agriculture remained stable at 53.9 points.
Overall, economic activity maintained expansion at 51.7 index points in August, though this was a marginal slowdown from 52.7 points in July. This marks the ninth consecutive month of growth in the composite PMI. Out of 36 subsectors covered in the survey, 22 expanded during the period. The service sector, in particular, sustained its resilience with growth across ten of its fourteen subsectors.
