Home » Insights » FBNQuest Capital » Manufacturing Purchasing Manager’s Index
May 18, 2018

May 2018; a reality check

Main conclusions: Sharp decline in April to 51.0 for headline Three sub-indices in positive territory, one neutral Highest for new orders Lowest for workforce Main conclusions: Sharp decline in April to 51.0 for headline.Three sub-indices in positive territory, one neutral.Highest for new orders.Lowest for workforce.We release today the latest reading (no 61) of our manufacturing Purchasing Managers’ Index (PMI) for Nigeria, which takes the temperature of the sector. Our PMI was the first in Nigeria. It has developed into a core forward indicator. A PMI is a simple exercise. A selection of companies are asked their view each month on core variables in their business. The respondent, who is characteristically the purchasing manager in a larger firm, has three possible replies: better, unchanged or worse than the previous month. According...

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May 18, 2018

April 2018; a strong headline reading

Main conclusions: Healthy increase in March to 59.4 for headline All five sub-indices in positive territory Highest for new orders...

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May 18, 2018

March 2018; in the comfort zone

Main conclusions: February’s headline relatively flat at 54.7 All five sub-indices in positive territory Highest for output and employment Lowest...

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May 18, 2018

February 2018; post-festive reverse

Main conclusions: January’s headline stumbles to 54.6 Four of the sub-indices in positive territory Highest for delivery times Lowest for...

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