The Manufacturing PMI in the month of October stood at 58.2 index points, indicating expansion in the manufacturing sector for the thirty-first consecutive month. The index grew at a faster rate when compared to the index in September. Thirteen of the 14 surveyed subsectors reported growth in the review month in the following order: petroleum & coal products; cement; electrical equipment; furniture & related products; fabricated metal products; printing & related support activities; textile, apparel, leather & footwear; food, beverage & tobacco products; nonmetallic mineral products; plastics & rubber products; primary metal; chemical & pharmaceutical products; and transportation equipment. The paper products subsector recorded decline in the review period.

The October 2019 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period October 7-11, 2019. The respondents were purchasing and supply executives of manufacturing and non-manufacturing organizations in all 36 states in Nigeria and the Federal Capital Territory (FCT). The Bank makes no representation regarding the individual companies, other than the information they have provided. The data contained herein further provides input for policy decisions.

Production Level

At 59.3 points, the production level index for the manufacturing sector grew for the thirty-second consecutive month in October 2019. The index indicated a faster growth in the current month when compared to its level in September 2019. Eleven of the 14 manufacturing subsectors recorded an increased production level, while 3 recorded decline

New Orders

At 57.9 points, the new orders index grew for the thirty-first consecutive month, indicating an increase in new orders in October 2019. The index grew at a faster rate when compared to its level in September 2019. Nine subsectors reported growth, 2 remained unchanged, while 3 contracted in the review month.

Supplier Delivery Time

The manufacturing supplier delivery time index stood at 58.6 points in October 2019, indicating faster supplier delivery time. The index has recorded growth for twenty-ninth consecutive months. Nine of the 14 subsectors recorded improved suppliers’ delivery time, while 5 remained unchanged in the review period.


Employment Level

The employment level index for October 2019 stood at 56.8 points, indicating growth in employment level for the thirtieth consecutive month. Of the 14 subsectors, 11 reported increased employment level, 1 reported unchanged employment level while 2 reported decreased employment in the review month.

Raw material Inventories

The Manufacturing sector inventories index grew for the thirty-first consecutive month in October 2019. At 58.6 points, the index grew at a faster rate when compared to its level in September 2019. Ten of the 14 subsectors recorded growth, 2 remained unchanged, while 2 reported declined raw material inventories in the review month.



SOURCE:https://brandspurng.com/2019/10/28/nigerias-october-manufacturing-pmi-expands-to-58-2-points/

I see,
Nigeria Go better

Yea, we now produce pencil

This is indicating expansion in the manufacturing sector for the thirty-first consecutive month.

Slow and steady we will get to a New and better Nigeria.

God bless Nigeria

Lol... Na so so audio growth and expansion we dey see for this country. But what do I know?

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We have used office items at giveaway prices. Sofa set, inverter, furniture and more. Check them out: https://www.nairaland.com/5472126/used-office-items-clearance-sales

nauto5:
Nawa

Wetin be na wa biko?

Why not just jump the thread and move to a BB9ja thread, if you do not understand anything about this?
Must you comment?
Stop giving yourself unnecessary headache nah.

Na wa o!

Thank God for a president that makes us look inward

N

MoIbrahim:
Thank God for a president that makes us look inward

God bless you.
You are a wise man.
A lover of Nigeria.

My company statement of account is now full of Buhari stamp duty charges ..

This man will not know peace

Good to hear

nauto5:
Nawa

Na real wa for you.

To comment on every thread is not by force. If a thread or post is beyond your capacity, just ignore and move to the next one.

I have said this since 2015 even when things were far more difficult for the govt and the country that PMB is the right president that can get Nigeria back on track. He is not afraid to take the tough decisions, no matter how unpopular they are, provided they are the right decisions for the country's future.

By 2022, patriotic Nigerians will wish PMB could continue as our president simply because that's when the result of many of his actions/decisions will be yielding more visible results.

PassingShot:

Na real wa for you.

To comment on every thread is not by force. If a thread or post is beyond your capacity, just ignore and move to the next one.

Don't mind the kid.
We hope he has learnt his lesson by now.
God bless you patriot.

The fact remains that Buhari's presidency is one million times better than that of Jonathan's.

Even though I'm still miffed by the continued captivity of Leah Sharibu in Boko Haram's den and the fact that it seems there are some politicians who are untouchable, especially from the Jonathan era.

This is simple mathematics, Ungratefull Ghanian's Kasapereko makes $2million usd a month one just on of thier products Alomo bitters, am sure since the border closure that money goes to the pockets of Nigerian Distillers like Regal Dry gin, Action Bitters, Ace Roots
, Orijin

..

This is the way to go. The market is there . How can cargo plane bring goods to Nigeria? How can a full Laden ship bring goods to Nigeria on an hourly basis and return empty? How do we intend to curb unemployment when virtually we import everything to Nigeria?
The future is bright, if we can continue to improve on our production index

post=83581901]This is indicating expansion in the manufacturing sector for the thirty-first consecutive month.

Slow and steady we will get to a New and better Nigeria.

God bless Nigeria [/quote][s][quote author=:
This is indicating expansion in the manufacturing sector for the thirty-first consecutive month.

Slow and steady we will get to a New and better Nigeria.

[s][quote author= post=83581901]This is indicating expansion in the manufacturing sector for the thirty-first consecutive month.

Slow and steady we will get to a New and better Nigeria.

God bless Nigeria

[s]

post=83581901]This is indicating expansion in the manufacturing sector for the thirty-first consecutive month.

Slow and steady we will get to a New and better Nigeria.

[/s][quote author=:
This is indicating expansion in the manufacturing sector for the thirty-first consecutive month.

Slow and steady we will get to a New and better Nigeria.

God bless Nigeria

[s][quote author= post=83581901]This is indicating expansion in the manufacturing sector for the thirty-first consecutive month.

Slow and steady we will get to a New and better Nigeria.

post=83582009:

Don't mind the kid.
We hope he has learnt his lesson by now.
God bless you patriot.

Do they ever learn?

They're wired to perpetually wail at anything and everything.
Unpatriotic souls.

God bless you too.

We will get there by God's grace.

God bless Nigeria

lies

mamanotinspoil3:
Lol... Na so so audio growth and expansion we dey see for this country. But what do I know?

.
.
.
We have used office items at giveaway prices. Sofa set, inverter, furniture and more. Check them out: https://www.nairaland.com/5472126/used-office-items-clearance-sales

Yes because buhari and zombies are about ideology and not bread and butter.

uncastableodd:
My company statement of account is now full of Buhari stamp duty charges ..

This man will not know peace

It's only an active statement of account that will be full with stamp duty charges.
A dormant / inactive account will have no duty stamp charge. This only implies your company is doing well.

uncastableodd:
My company statement of account is now full of Buhari stamp duty charges ..

This man will not know peace

That means you are doing transactions.

Be thankful.

Afamed:

It's only an active statement of account that will be full with stamp duty charges.
A dormant / inactive account will have no duty stamp charge. This only implies your company is doing well.

Very active bro.I get nothing less than 3 debit alert daily on all transactions .make dem kuku kill us .

This morning alone ,I got 3 debit alerts and these alerts are from payment we even made because we only paid suppliers yesterday and the only credit alert we got was not up to #5,000 via POS .

We were charged up to #3,000 and that happen every day .

I can't believe this I swear

... this should be sustained for the next business cycles to really have the added impact on the economy...

PassingShot:

Do they ever learn?

They're wired to perpetually wail at anything and everything.

Unpatriotic soul. God bless you too.

Amen patriot.

Nice one, we now seeing the benefits of the border closure Nigerian manufacturers are now confident of selling their products to Nigerians, substandard foreign goods won't spoil their business.

Nigerians should rally around the government and support the border closure, it will pay off eventually, remember that Rome was not built in a day.

The change you want to see will force the government to make some stringent policies that will take time to pay off.

I'm not a Buharist or APC, I am a Nigerian and I will support what is good for Nigeria. Border closure will grow our people, will employ our people, will strengthen our companies.

The smuggling accusations to our neighbors is just an excuse so that AU and ECOWAS no go vex, even if they take all measures FG has told them to, the border will still be closed.