Nigeria’s private sector closed 2025 on a high note, achieving its fastest expansion of the year as the Composite Purchasing Managers’ Index (PMI) rose to 57.6 points in December.
Okay News reports that the latest Central Bank of Nigeria (CBN) PMI survey shows the index improving from 56.4 points in November, reflecting accelerating economic momentum.
A reading above 50 points indicates expansion, and December’s figure marks the strongest performance recorded throughout 2025.
Sub-indices revealed broad-based gains, with the Output Index reaching 60.0 points on higher production levels.
The New Orders Index climbed to 58.7 points, signalling robust demand, while Employment rose to 54.2 points, confirming ongoing job creation.
Raw Materials Inventory stood at 54.5 points, and Suppliers’ Delivery Time improved markedly to 58.2 points, underscoring enhanced supply chain efficiency.
Sectorally, Industry PMI settled at 57.0 points, with 14 of 17 subsectors expanding, led by transportation equipment.
The Services sector recorded 56.4 points, extending its growth streak to eleven consecutive months.
Agriculture PMI advanced to 58.5 points, maintaining expansion for seventeen straight months—the longest run in the series.
The CBN noted that overall economic activities outperformed all previous monthly readings in 2025.
These positive indicators point to strengthening business confidence and a sustained private-sector recovery heading into 2026.
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