ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Finance

Nigeria’s manufacturing index grows further

Business 360 by Business 360
March 28, 2019
in Finance
0
CBN cuts interest rate to 13.5%, seeks GDP rebasing –

The Manufacturing Purchasing Managers’ Index (PMI) sustained its upswing in March as it increased to 57.4 index points.

This current position of the PMI represented an expansion in the manufacturing sector for the 24th consecutive month.

The Central Bank of Nigeria (CBN) disclosed this in its PMI report for March that was posted on its website.

According to the report, the index grew at a faster rate when compared to the index in the previous month.

In all, 11 of the 14 sub-sectors surveyed reported growth in the review month in the following order: cement; food, beverage & tobacco products; fabricated metal products; furniture & related products; paper products; chemical & pharmaceutical products; plastics & rubber products; electrical equipment; printing & related support activities; transportation equipment and non-metallic mineral products.

But the textile, apparel, leather & footwear; petroleum & coal products and primary metal subsectors recorded decline in the review period.

On the other hand, at 58.3 points, the production level index for the manufacturing sector grew for the 25th consecutive month in March 2019.

The index indicated a faster growth in the current month, when compared to its level in the month of February 2019.

Nine of the 14 manufacturing sub-sectors recorded increased production level, while five recorded decline.

Also, at 56.7 points, the new orders index grew for the 24th consecutive month, indicating increase in new orders in March 2019.

Eight sub-sectors reported growth, four remained unchanged, while two contracted in the review month.

The report showed that the manufacturing supplier delivery time index stood at 58.4 points in March 2019, indicating faster supplier delivery time.

The index has recorded growth for 22nd consecutive months as 11 of the 14 sub-sectors recorded improved suppliers’ delivery time, while one remained unchanged and two recorded decline in the review period.

“The employment level index for March 2019 stood at 56.9 points, indicating growth in employment level for the twenty-third consecutive month.

“Of the 14 sub-sectors, nine reported increased employment level, one reported unchanged employment level while four reported decreased employment in the review month.

“The manufacturing sector inventories index grew for the 24th consecutive month in March 2019. At 57.1 points, the index grew at a faster rate when compared to its level in February 2019.

“Eight of the 14 sub-sectors recorded growth, three recorded unchanged, while three reported declined raw material inventories in the review month,” the report stated.

Source: ThisDay News

Previous Post

Inaugural conference on International Law to hold at Barbican Conference center London

Next Post

Transcorp assures Stakeholders of superior value delivery

Business 360

Business 360

Next Post
Transcorp assures Stakeholders of superior value delivery

Transcorp assures Stakeholders of superior value delivery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Oil Prices Edge Higher on U.S. Crude Drawdown and Middle East Caution

Oil Prices Slip as Iran Reaffirms Nuclear Commitments Ahead of Fresh Talks

July 4, 2025
Markets Stay Cautious Ahead of US Jobs Data as Trump Renews Tariff Threats

Global Stocks Dip as Trump Revives Tariff Threat Ahead of July 9 Deadline

July 4, 2025
NADF Launches Digital M&E Platform for N19.5bn AgGrow Support Scheme

NADF Launches Digital M&E Platform for N19.5bn AgGrow Support Scheme

July 4, 2025
Private Sector Hails Suspension of FRC Amendment Act 2023

Private Sector Hails Suspension of FRC Amendment Act 2023

July 4, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Oil Prices Edge Higher on U.S. Crude Drawdown and Middle East Caution

Oil Prices Slip as Iran Reaffirms Nuclear Commitments Ahead of Fresh Talks

July 4, 2025
Markets Stay Cautious Ahead of US Jobs Data as Trump Renews Tariff Threats

Global Stocks Dip as Trump Revives Tariff Threat Ahead of July 9 Deadline

July 4, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!