Nigeria’s manufacturing PMI expands at 57.4 index for June

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The Manufacturing PMI in the month of June stood at 57.4 index points, indicating expansion in the manufacturing sector for
the twenty-seventh consecutive month
(Fig. 2 and Table 1). The index grew at a slower rate when compared to the index
in the previous month. Of the 14 subsectors surveyed, 12 reported growth
in the review month in the following order:transportation equipment; petroleum & coal products; cement;
chemical & pharmaceutical products; electrical equipment; food, beverage &
tobacco products; printing & related

support activities; fabricated metal
products; paper products; furniture & related products; textile, apparel, leather & footwear; and plastics & rubber products. The nonmetallic mineral
products and primary metal subsectors recorded declines in the review period

2.1 Production Level

At 59.3 points, the production level index
for the manufacturing sector grew for the
twenty-eighth consecutive month in June 2019
The index indicated a faster growth in the current month, when compared to its level in the month of May 2019. Twelve of the 14 manufacturing subsectors
recorded increased production level, 1
remained unchanged while 1 recorded
decline

2.2 New Orders

At 55.9 points, the new orders index grew
for the twenty-seventh consecutive month, indicating increase in new orders in June 2019. Eight subsectors reported
growth, 1 remained unchanged, while 5
contracted in the review month 2.3

Supplier Delivery Time

The manufacturing supplier delivery time index stood at 58.7 points in June
2019, indicating faster supplier Delivery time. The index has recorded
growth for twenty-five consecutive months. Eleven of the 14 subsectors
recorded improved suppliers’ delivery
time, while 1 remained unchanged and 2 recorded decline in the review period

2.4 Employment Level

The employment level index for June 2019 stood at 57.5 points, indicating
growth in employment level for the Twenty-sixth consecutive month. Of
the 14 subsectors, 10 reported increased employment level, 2
reported unchanged employment level
while 2 reported decreased
employment in the review month.

2.5 Raw material Inventories

The Manufacturing sector inventories index grew for the twenty-seventh
consecutive month in June 2019.
At 55.0 points, the index grew at a slower
rate when compared to its level in May 2019. Ten of the 14 subsectors
recorded growth, 2 remain unchanged, While 2 sectors reported declined raw
material inventories in the review Month.

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