# 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.

- **Source date:** 2026-10-02
- **Original source:** [Nairametrics](https://nairametrics.com/2026/10/02/nigerias-composite-pmi-rises-to-53-0-in-september-marks-fourth-month-of-expansion-cbn/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-cbn-september-composite-pmi-20261002
- **Markdown:** https://voltformer.com/news/ng-cbn-september-composite-pmi-20261002.md

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.

[Nairametrics](https://nairametrics.com/2026/10/02/nigerias-composite-pmi-rises-to-53-0-in-september-marks-fourth-month-of-expansion-cbn/)

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