The Central Bank of Nigeria has reported a slowdown in industrial activities for August 2025, with the industry sector index dropping to 49.1 points from 51.1 points in July.
In its Purchasing Managers’ Index (PMI) Report releasedyesterday on Thursday, September 11, 2025, the CBN explained that the figures reflected a contraction in output, new orders, and employment within the sector.
“The Industry sector index, at 49.1 points, indicated contraction in industrial activities in August 2025,” the report stated. “Output, New Orders, and Employment indicated decline in August 2025 at 49.6, 47.2, and 48.9 index points, respectively. Similarly, stock of raw materials experienced contraction at 48.9 index points in the review month.” Vanguard reported.
Despite the decline, the report noted that suppliers’ delivery time improved, standing at 52.4 index points in August. Among the 17 subsectors surveyed, seven recorded growth while ten experienced contraction. The strongest performer was Transportation Equipment, while Paper Products posted the steepest decline.
The apex bank, however, reported that the services and agriculture sectors maintained positive momentum. The service sector closed August at 51.9 index points, down from 52.8 points in July, while the agriculture sector remained stable at 53.9 points.
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This combined performance pushed the overall economy into expansion, with a composite PMI of 51.7 points in August, compared to 52.7 points in July.
“The composite PMI for August 2025 stood at 51.7 points, indicating an expansion in economic activities for the ninth consecutive month,” the CBN noted. “Out of the 36 subsectors covered in the survey, 22 experienced expansion in economic activity.
The Service Sector index, at 51.9 points in August 2025, indicated expansion for the seventh consecutive month, with ten subsectors recording growth in economic activities out of the fourteen subsectors covered.”
The report suggests that while industrial activities weakened in August, sustained growth in services and agriculture continues to support Nigeria’s broader economic expansion.
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Image Credit: Supreme MicroFinance Bank
