Economic activitiesexpanded by 52.2 index points, representing the 5th consecutive month growth in April 2025, with the agricultural sector leading.
The Central Bank of Nigeria, CBN, disclosed this in its Purchasing Managers Index, PMI, report for April, noting that the agricultural sector recorded the highest expansion with 53.8 index points, representing ninth consecutive monthly growth during the period. The growth was driven by increases in new orders.
The apex bank noted that the sustained expansion across all major sectors provide a positive outlook for the second quarter of 2025.
CBN stated: The composite PMI for April 2025, at 52.2 index points, indicates expansion in economic activities for the fifth consecutive month, signaling sustained positive momentum in the Nigerian economy.