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January Manufacturing PMI Fell To 48.2 - Business - Nairaland

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Nigeria’s October Manufacturing PMI Expands To 58.2 Points / Nigeria’s Manufacturing Pmi Grows To 57.8% In May 2019 / Nigeria’s Manufacturing PMI Index Rises By 23% In Dec 2016 – Fbnquest (2) (3) (4)

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January Manufacturing PMI Fell To 48.2 by Truth234(m): 7:49am On Feb 01, 2017
The country’s manufacturing activity fell to 48.2 index points in January 2017, down from 52.0 recorded in December, the Central Bank of Nigeria said in its Purchasing Managers’ Index released on Tuesday.

The report showed that while the manufacturing PMI dropped to 48.2 index points, the non-manufacturing PMI stood at 49.4 points, indicating a slower decline compared with the 47.1 points recorded for December 2016.

In the PMI report posted on its website, the CBN said, “A composite PMI above 50 points indicates that the manufacturing/ non-manufacturing economy is generally expanding, 50 points indicate no change and below 50 points indicate that it is generally declining.”

Though the manufacturing PMI grew in December 2016, it had recorded declines for eleven consecutive months and averaged 45.2 in the last 12 months.

The report showed that 10 of the 16 subsectors surveyed recorded decline in the month under review while the remaining six subsectors expanded.

The six sectors are: petroleum and coal products; appliances and components; nonmetallic mineral products; food, beverage and tobacco products; textile, apparel, leather and footwear; and computer and electronic products

Despite the decline in manufacturing activity, however, the report showed that the production level index for the manufacturing sector grew for the second consecutive month, standing at 51.3 points, indicating a slower growth when compared to the 57.6 points in the month of December 2016.

But this did not have any impact on new orders as well as suppliers’ delivery time during the period as they both declined with the latter standing at 48.5 index points while the former stood at 47.9 points.

Also, the report showed that the employment level index for the January manufacturing PMI stood at 45.3 points, indicating a decline in employment level for the 23rd consecutive month.

Similarly, the report showed that the employment level index for the non-manufacturing sector PMI declined for the 13th consecutive month in January 2017.

However, the report stated that at 45.6points, the index declined at a slower rate compared with the 43.8 points recorded in December 2016.

http://investorsking.com/january-manufacturing-pmi-fell-to-48-2-cbn/

Lalasticlala Mynd44 seun Dominique
Re: January Manufacturing PMI Fell To 48.2 by Sibrah: 8:06am On Feb 01, 2017
What the meaning of PMI again? I hope it is a positive one . . .

1 Like

Re: January Manufacturing PMI Fell To 48.2 by veekid(m): 8:17am On Feb 01, 2017
Everything just dey fall from fell under Buhari

3 Likes

Re: January Manufacturing PMI Fell To 48.2 by juventino: 8:19am On Feb 01, 2017
Sibrah:
What the meaning of PMI again? I hope it is a positive one . . .

Can anything positive come out of this government?

5 Likes 1 Share

Re: January Manufacturing PMI Fell To 48.2 by prince985(m): 8:19am On Feb 01, 2017
Itz Jonathans fault grin

1 Like 1 Share

Re: January Manufacturing PMI Fell To 48.2 by Nobody: 8:19am On Feb 01, 2017
Similar to the GP in tertiary institutions

After one semester, when you no dey serious, e go dey drop

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by SycophanticGoat: 8:21am On Feb 01, 2017
This useless bloodsucking demon called Mumuhammadull Mumuharî and his band of junior level demons/zombies have destroyed this country! cry cry

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by 989900: 8:22am On Feb 01, 2017
January is usually slow.
Re: January Manufacturing PMI Fell To 48.2 by hucienda: 8:23am On Feb 01, 2017
When will Nigeria pull out of this biting recession?

1 Like

Re: January Manufacturing PMI Fell To 48.2 by Arewa12: 8:23am On Feb 01, 2017
Things re not rossy in January right 4rm tym
Re: January Manufacturing PMI Fell To 48.2 by Samanza89: 8:23am On Feb 01, 2017
Things are getting worst...


God forgive those APC buffons that voted this spare tyre government in.

Lord Jesus we are tired, and believe me we are...


#istandwith2baba

3 Likes

Re: January Manufacturing PMI Fell To 48.2 by bentlywills(m): 8:24am On Feb 01, 2017
The way everything is falling in dz country ehh! undecided

3 Likes

Re: January Manufacturing PMI Fell To 48.2 by Gidi3020(m): 8:25am On Feb 01, 2017
Y'all should cool down and read that piece, instead of rushing down here to comment
Re: January Manufacturing PMI Fell To 48.2 by jaymejate(m): 8:29am On Feb 01, 2017
Please... Kindly explain

1 Like

Re: January Manufacturing PMI Fell To 48.2 by prince985(m): 8:29am On Feb 01, 2017
D way zombies use to Dodge threads eh undecided

3 Likes

Re: January Manufacturing PMI Fell To 48.2 by jaymejate(m): 8:29am On Feb 01, 2017
Gidi3020:
Y'all should cool down and read that piece, instead of rushing down here to comment
Still i no understand

1 Like

Re: January Manufacturing PMI Fell To 48.2 by Truth234(m): 8:30am On Feb 01, 2017
Sibrah:
What the meaning of PMI again? I hope it is a positive one . . .

Purchasing managers index, its the aggregate of manufacturing managers' purchases within the period under review.

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by HermitSage: 8:32am On Feb 01, 2017
Whatever Buhari touches, Buhari Spoils it.

Check My Signature. Don't Miss Out!

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by apesinola001(m): 8:36am On Feb 01, 2017
Nigeria jaga jaga, everything scatter scatter

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by Gidi3020(m): 8:37am On Feb 01, 2017
jaymejate:

Still i no understand

How you wan take understand when nairabet Don chop half of your brain.

If you like quote me till next year, ayam not coming back!

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by jaymejate(m): 8:41am On Feb 01, 2017
Gidi3020:


How you wan take understand when nairabet Don chop half of your brain.

If you like quote me till next year, ayam not coming back!

grin grin grin
This will make my day grin

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by mex22: 8:42am On Feb 01, 2017
HE WARNED US BUT WE WERE TOO STUBBORN TO LISTEN.

5 Likes

Re: January Manufacturing PMI Fell To 48.2 by MakeADifference: 8:43am On Feb 01, 2017
Though the manufacturing PMI grew in December 2016, it had recorded declines for eleven consecutive months and averaged 45.2 in the last 12 months.



Arewa12:
Things re not rossy in January right 4rm tym

3 Likes

Re: January Manufacturing PMI Fell To 48.2 by seguno2: 8:55am On Feb 01, 2017
Thanks Buhari.
Thanks zombies.
What more can I say?

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by seguno2: 8:58am On Feb 01, 2017
hucienda:
When will Nigeria pull out of this biting recession?

Not for as long as Buhari is in charge.
Sadly.

2 Likes 1 Share

Re: January Manufacturing PMI Fell To 48.2 by 400billionman: 9:00am On Feb 01, 2017
Read the second to the last paragraph.
It says employment level index has declined for 13 consecutive months.
Is this how APC is creating 3million jobs per annum ?

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by ephi123(f): 9:06am On Feb 01, 2017
400billionman:
Read the second to the last paragraph.

It says employment level index has declined for 13 consecutive months.

Is this how APC is creating 3million jobs per annum ?

1 Like

Re: January Manufacturing PMI Fell To 48.2 by MOSICATED5(m): 9:13am On Feb 01, 2017
And some folks are against Tubaba's planned protest in the face of all this

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by VampireeM(f): 10:04am On Feb 01, 2017
i'm not suprised.. Manufacturing firms are going through a lot now.. a 25kg of masterbatch/PP/Ps/HdPE that was 9500naira is now more than 26k... Lack of power is now worse than previous administrations. I that was even planning to start my polyethene business no way to make profits except you produce substandard polybags.. This govt has killed small scale manufacturers with their stupid policies

3 Likes

Re: January Manufacturing PMI Fell To 48.2 by IVORY2009(m): 12:33pm On Feb 01, 2017
989900:
January is usually slow.

superstitions belief

2 Likes

Re: January Manufacturing PMI Fell To 48.2 by 989900: 1:02pm On Feb 01, 2017
IVORY2009:



superstitions belief

What is superstitious about that?

People are just returning or have not returned from holidays, school kids resuming, industries and financial houses waiting on budget and other indices . . . What is superstitious about that?

Is it also superstitious that trade volume is 'usually' highest in December?

You could have a few exceptions or one-offs (I've had those) . . . It is what it is.

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