CBN September PMI signals fourth consecutive month of expansion
CBN’s composite PMI rose to 53.0 points in September from 52.7 in August; readings above 50 indicate expansion.
- Publish date: 2026-10-02
- Category: Standards & Policy
- Original source: Nairametrics
- Reading time: 1 min read
CBN’s composite PMI rose to 53.0 points in September 2026 from 52.7 in August, indicating a fourth consecutive month of expansion. Industry increased to 52.0 from 50.6; services registered 53.2 and agriculture 53.1, all above the 50-point threshold.
The survey reported composite output at 53.9 points, new orders at 53.7 and employment at 51.5. These are survey index readings, not percentage changes.