Nigerian PMI Report Shows Sector Growth Except Manufacturing in August 2025

The Purchasing Managers Index (PMI) report by Stanbic IBTC Bank revealed that all sectors, except manufacturing, in Nigeria experienced increased output in August 2025. The report indicated a sustained growth trend in the Nigerian private sector, with improvements in customer demand and a softening of inflationary pressures.

Despite the manufacturing sector's lag in output growth, the private sector continued to show positive momentum. The PMI report highlighted a significant expansion in output and new orders, signaling a strengthening business environment.

This sustained growth trend for the ninth consecutive month suggests a positive outlook for the Nigerian private sector, with increasing business activities across various sectors except manufacturing.