The manufacturing Purchasing Managers’ Index (PMI) stood at 56.9 index points in April, indicating an expansion in the manufacturing sector for the 13th consecutive month.
The CBN disclosed this in its PMI survey report for April 2018 released yesterday.
According to the report, the index grew at a faster rate when compared to the index in the previous month.
It showed that of the 15 sub-sectors surveyed, 12 reported growth in the review month in the following order: Petroleum and coal products, electrical equipment, appliances and components, printing and related support activities.
Others include textile apparel leather and footwear, fabricated metal products, chemical and pharmaceutical products, food, beverage and tobacco products, paper products, furniture and related products, plastics and rubber products, and transportation equipment.
But the cement sub-sector remained unchanged, while the non-metallic minerals and primary metal subsectors declined in the review month.