Home » Insights » FBNQuest Capital » Manufacturing Purchasing Manager’s Index
January 8, 2018

December 2017; soaring on seasonal factors

 Main conclusions:Pronounced increase in December to 68.7 for headlineAll five sub-indices in positive territoryHighest for stocks of purchasesLowest for workforceWe release today the latest reading (no 57) 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 to the standard methodology, 50 marks a neutral reading and anything higher suggests that the manufacturing economy is expanding. Readings should be released at the very...

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November 8, 2017

November 2017; lower but still healthy

 Main conclusions:Considerable decrease in November to 60.1 for headlineAll five sub-indices in positive territoryHighest for outputLowest for workforceWe release today...

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October 8, 2017

October 2017; a seasonal surge

 Main conclusions:Significant increase in October to 64.8 for headlineAll five sub-indices in positive territoryHighest for outputLowest for workforceWe release today...

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September 8, 2017

September 2017; A small decline yet healthy

 Main conclusions:Marginal decrease in September to 58.1 for headlineAll five sub-indices in positive territory Highest for new orders, delivery times and...

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