CBN-Office-AbujaThe Central Bank of Nigeria (CBN) has rolled out drums to celebrate the upward movement of the country’s Purchasing Managers’ Index (PMI) attained over 50-point expansion threshold strengthening domestic
economic activity in December 2025.
According to the spokesperson of the apex Bank, Hakama Sidi Ali, in a statement today, December 31, the December 2025 PMI Survey, released by the Bank, puts the Composite Index at 57.6 index points, representing the strongest activity momentum recorded in about five years.
The report indicated sustained improvement, reflecting continued expansion across major employment-generating sectors.
It said that sectoral PMI readings showed that agriculture remained robust at 58.5 points, industry recorded 57.0 points, while the services sector remained in positive territory with 51.9 points, indicating broad-based growth in output and business activities during the month.
The Survey indicated also that 32 of the 36 sub-sectors monitored posted expansions in
key indicators such as production levels, new business orders, and employment.
The CBN notes that this outcome highlights a steady rebound in domestic demand and strengthening productive activities, particularly within the non-oil economy.
The Bank attributed the improved PMI performance to the positive effects of ongoing
macroeconomic stabilisation measures, including efforts to enhance the operating
environment and support business confidence.
“These reforms continued to bolster job creation, production efficiency, and overall optimism about economic prospects in the
fourth quarter of 2025.
“The December PMI reading reinforces expectations of a stable growth outlook as Nigeria transitions into the new year.”
The PMI is an economic indicator used to measure the health of a country’s manufacturing and services sectors. It shows whether business activity is improving, staying the same or worsening, based on surveys of purchasing managers in companies.
It is a leading indicator that gives early signals of economic trends and is used by governments, investors, banks and businesses to make decisions. PMI helps assess economic growth, inflation pressure and employment trends.
