The Central Bank of Nigeria (CBN) has reported a further strengthening of domestic economic activity in December 2025, as the Composite Purchasing Managers’ Index (PMI) sustained its position above the 50-point expansion threshold.
The just published December 2025 PMI Survey data by the bank indicated that the Composite Index stood at 57.6 index points, representing the strongest activity momentum recorded in about five years.
According to the report, the sustained improvement reflects continued expansion across major employment-generating sectors.
Sectoral PMI readings showed that agriculture remained robust at 58.5 points, industry recorded 57.0 points, while the services sector remained in positive territory with 51.9 points, indicating broad-based growth in output and business activities during the month.
The PMI Survey data further indicated that 32 of the 36 subsectors monitored posted expansions in key indicators such as production levels, new business orders, and employment.
The apex noted that that the latest PMI trend highlighte a steady rebound in domestic demand and strengthening productive activities, particularly within the non-oil economy.
Specifically, it attributed the improved PMI performance to the positive effects of ongoing macroeconomic stabilisation measures, including efforts to enhance the operating environment and support business confidence.
The CBN further stated that these reforms continued to bolster job creation, production efficiency, and overall optimism about economic prospects in the fourth quarter of 2025, as the December PMI reading reinforces expectations of a stable growth outlook for the nation’s economy in 2026.