Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,865 members, 7,956,273 topics. Date: Monday, 23 September 2024 at 09:00 AM |
Nairaland Forum / Nairaland / General / Business / Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest (8133 Views)
Nigeria’s October Manufacturing PMI Expands To 58.2 Points / Nigeria’s Manufacturing Pmi Grows To 57.8% In May 2019 / Inflation Rate Rises From 11.14% To 11.23% In August – NBS (2) (3) (4)
Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Realdeals(m): 9:34am On Jan 04, 2017 |
FBNQuest, a unit of FBN Holdings Plc has released its latest headline reading of manufacturing Purchasing Managers’ Index (PMI) for Nigeria as 60.0 in December 2016 from 48.8 in November, a 23 per cent increase. The PMI which takes the temperature of the sector has developed into a core forward indicator in the economy. FBNQuest said the only explanation for the surge in the headline reading was the seasonal boost to household demand. “Since Nigeria is mired in recession, the extent of the seasonal demand boost this year has come as a surprise. ‘‘Once we strip out seasonal effects, the landscape for manufacturing is little changed. Substitution is beginning to have an impact, while the CBN and stated-owned investment vehicles are providing additional credit for the sector. The FGN’s expansionary fiscal stance is also supportive in the form of accelerated capital releases. We suspect, however, that manufacturing will be one of the last sectors to benefit because of the scarcity of forex, which we expect to continue in the year. In conclusion, it may well be that the reading in January erodes the gains of this report,”the report read in part. In Q3 2016, GDP contracted at constant basic prices by -2.2% y/y, the worst out turn since 2011 in the new national accounts. The figure was dragged down by a sabotage-driven -22.0% y/y contraction in the oil economy. The non-oil economy was flat y/y, while manufacturing shrank by -4.4% y/y in Q3, compared with -3.4% the previous quarter. http://leadership.ng/business/566041/nigerias-manufacturing-pmi-index-rises-by-23-in-dec-2016-fbnquest 4 Likes |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by estyvino(m): 9:36am On Jan 04, 2017 |
In the first instance I thought it goodnews, but it turns out indifferent after reading! 8 Likes |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Atiku2019: 9:51am On Jan 04, 2017 |
In Q3 2016, GDP contracted at constant basic prices by -2.2% y/y, the worst out turn since 2011 in the new national accounts. The figure was dragged down by a sabotage-driven -22.0% y/y contraction in the oil economy. Fingers crossed watching how things will unfold this year 2017. 1 Like |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Zi: 9:58am On Jan 04, 2017 |
Good caption for zombies How much is a bottle of red oil in oyinbo? 6 Likes |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by 50shot(m): 9:58am On Jan 04, 2017 |
so in other words the mean that buhari is incompetent...i must give a phork on these. PLS BE VERY CAREFUL Trump Is 70 Hillary Is 69 Obama Is 55 70+69+55 =194 Buhari 74 Johnathan 59 APC 3 Letters PDP 3 Letters Therefore 74+59+3+3=139 ........................ This Does Not Mean Anything, I Just Wanted To Waste Your Time I'm @Home... If You Like Come & Beat Me ........... 25 Likes |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by jazinogold(m): 10:00am On Jan 04, 2017 |
How will this affect a bottle of agbo? |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by 10kgod(m): 10:01am On Jan 04, 2017 |
Booked.... |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by gurunlocker: 10:02am On Jan 04, 2017 |
Minus everywhere..... zombies will be confused 1 Like |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by clevadani: 10:04am On Jan 04, 2017 |
I don't think this administration knows what to do with our economy. it is really sad considering the fact that Buhari contested four times. 1 Like |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by SexyNairalander: 10:05am On Jan 04, 2017 |
booked |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by savcy(m): 10:05am On Jan 04, 2017 |
I didn't understand a thing. |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Saintp(m): 10:05am On Jan 04, 2017 |
Plz we need whatever achievements to translate what the common man on the street can relate to. This shouldn't be a year of paper achievements, I take God beg una 4 Likes |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by tundafayaBuhari: 10:06am On Jan 04, 2017 |
Buhari is a fool. He has no clues and his followers are even worse because they are following him blindly. Godforsaken country 2 Likes |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by malakus(m): 10:07am On Jan 04, 2017 |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by playtheblues(f): 10:08am On Jan 04, 2017 |
Lies from the pit of hell fabricated by APC. |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Nobody: 10:14am On Jan 04, 2017 |
George Orwells' 1984 1 Like |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Stalwert: 10:15am On Jan 04, 2017 |
tundafayaBuhari: God has forsaken Nigeria's enemies and bless Nigeria with progress and peace. 3 Likes |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by NOETHNICITY(m): 10:16am On Jan 04, 2017 |
How come? In Wailers voice! |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by abumeinben(m): 10:17am On Jan 04, 2017 |
NOETHNICITY:Try to digest the piece bro... Everything isn't politics. PMI increased at the expense of GDP, means PPP of the Naira keeps dwindling. (Abi nor be so economics talk am? Stand to be corrected sha) Local manufacturing is long overdue, but we still need foreign investment. Just imagine that $80b returned to the economy! |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by ichidodo: 10:18am On Jan 04, 2017 |
Somborri pls help us translate the post in English.... We are not understanding.. |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by ItsMeAboki(m): 10:18am On Jan 04, 2017 |
estyvino: On the face of it, yes; however, I am quite optimistic that the manufacturing sector will pick up because the problem of forex will be partly addressed by the new high import tariffs on luxury and locally available goods; while the said policy would simultaneously drive demand for such locally produced goods and therefore increase cashflow and profitability of the sector. The rise in crude oil price (if sustained) may also abate ongoing forex scarcity, which would beneficial to all sectors - including manufacturing. 1 Like |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by banki(m): 10:22am On Jan 04, 2017 |
some people just comment.... they don't understand what the report is about...... just let me remind all of us, we may not all like the president or his party but we should constructively criticize an no wail at every opportunity if the economy is bad it affects us all rich or poor.... this PMI indicies are meant for investors and analystis and not for blind critics 1 Like |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Cletus77(m): 10:45am On Jan 04, 2017 |
Even if Buhari don't know how to make Nigeria great, he should surround himself with intelligent and able people and the credit will be his |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Nobody: 10:53am On Jan 04, 2017 |
In as much these figures may be tales, its good so as to bring about confidence with investors .. We never hear ill about the us government or russian govt.. Although it might bite us in the near future |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Nobody: 10:57am On Jan 04, 2017 |
unclezuma: So Nigeria is a farm ? |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Nobody: 11:00am On Jan 04, 2017 |
lestat: 1984...Animal Farm is another story depicting Nigeria. 1 Like |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by tundafayaBuhari: 11:19am On Jan 04, 2017 |
Stalwert:did you type progress? Dollar at the rate of #500, peace in the southern Kaduna, Borno state or Niger delta? my man Nig is going back |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by Rebuke: 11:27am On Jan 04, 2017 |
I wish I understood. I hope to wake up one day to read FG is already making a move to hurt the killing increase in food stuffs and other basic commodities that keep average Nigerian moving. |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by bigerboy200: 11:37am On Jan 04, 2017 |
sweet |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by intruder15(m): 12:13pm On Jan 04, 2017 |
50shot: LMAO |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by greatman247(m): 3:41pm On Jan 04, 2017 |
50shot: |
Re: Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest by savcy(m): 4:44pm On Apr 15, 2023 |
And then it all blew to cinder. |
(1) (Reply)
Zoe clipper blade sharpening machines +2347035676469 or 07035676469 / My Business / Fitch Affirms Nigeria’s Rating, Retains Stable Outlook On Reforms
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29 |