Nigerian PMI Report Shows Sector Growth Except Manufacturing in August 2025

The Purchasing Managers Index (PMI) report by Stanbic IBTC Bank (NGX: STANBIC) 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.