ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Business 360 Weekly

NIGERIA’S MANUFACTURING INDEX RISES FURTHER IN NOVEMBER

Business 360 by Business 360
December 6, 2018
in Business 360 Weekly, Uncategorized
0
NIGERIA’S MANUFACTURING INDEX RISES FURTHER IN NOVEMBER

The Central Bank of Nigeria’s (CBN) Manufacturing Purchasing Managers’ Index (PMI) stood at 57.9 index points in November, indicating an expansion in the manufacturing sector for the 20th month. The index grew at a faster rate when compared to the index in the previous month.

All the 14 sub-sectors surveyed reported growth in the review month in the following order: electrical equipment; furniture and related products; cement; food, beverage and tobacco products; paper products; transportation equipment; plastics and rubber products; chemical and pharmaceutical products; printing and related support activities; petroleum and coal products; fabricated metal products; non-metallic mineral products; textile, apparel, leather and footwear; and primary metal.

Also, at 59.9 points, the production level index for the manufacturing sector grew for the 21st consecutive month in November 2018.
The index indicated a faster growth in the current month, when compared to its level in the preceding month.
In all, 13 of the 14 manufacturing sub-sectors recorded increase in production level, while one remained unchanged.

At 58.1 points, the new orders index grew for the 20th consecutive month, indicating increase in new orders in November 2018. Eleven subectors reported growth, one remained unchanged, while two contracted in the review month.

The manufacturing supplier delivery time index stood at 56.9 points in November 2018, indicating faster supplier delivery time for the eighteenth consecutive month.

Twelve sub-sectors recorded improved suppliers’ delivery time, while one remained unchanged delivery times and one recorded worsening delivery time.

In addition, the employment level index in November 2018 stood at 55.4 points, indicating growth in employment level for the nineteenth consecutive month.

Of the 14 sub-sectors, seven reported increased employment level, six remained unchanged while one reported reduced employment level in the review month.

The manufacturing sector inventories index grew for the 20th consecutive month in November 2018.

At 58.7 points, the index grew at a faster rate when compared to its level in the October 2018.

Eleven of the 14 sub-sectors recorded growth, while three recorded decline in raw material inventories.

Previous Post

NPA to partner maritime professionals

Next Post

LCCI Warns On Consequences Of Crashing Oil Prices On Nigeria’s Economy

Business 360

Business 360

Next Post
LCCI Warns On Consequences Of Crashing Oil Prices On Nigeria’s Economy

LCCI Warns On Consequences Of Crashing Oil Prices On Nigeria’s Economy

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
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
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
COVID-19: Maize Farmers cut down production by 30%

COVID-19: Maize Farmers cut down production by 30%

July 15, 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
LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

January 30, 2023
UN projects three per cent economic growth for Nigeria

UN projects three per cent economic growth for Nigeria

January 30, 2023
Foreign Currency: Inflows dropped to $1.83bn in 2020, Year of COVID – CBN

Naira Swap: Relief As Buhari Extends Deadline By 10 Days

January 30, 2023
Tanzania aims to become an online Business Hub in Africa through Investments in ICT

Tanzania aims to become an online Business Hub in Africa through Investments in ICT

January 30, 2023
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
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

January 30, 2023
UN projects three per cent economic growth for Nigeria

UN projects three per cent economic growth for Nigeria

January 30, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!