
Nigeria PMI Eases to 55.7 in October, Still Expanding
Stanbic IBTC PMI eased to 55.7 in October from 56.4 in September, remaining deep in expansion territory and fanning growth forecasts.
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Stanbic IBTC PMI eased to 55.7 in October from 56.4 in September, remaining deep in expansion territory and fanning growth forecasts.

A private China manufacturing index held at 52.0 for an eleventh month above 50 while the official gauge fell to 49.3, splitting the recovery between exporters and heavy industry.

The S&P Global Eurozone Manufacturing PMI eased slightly to 52.7 in October for a ninth straight month of growth as input costs hit a five-month high, keeping ECB rate pressure alive.

The UK Manufacturing PMI climbed to 52.8 in October with the strongest output growth in more than two years, just as fast-rising costs put a Bank of England rate rise back on the table.

China's October manufacturing PMI fell to 49.3 from above 50 in September, with new orders at 49.4 and production at 49.8, NBS data shows.

The Chicago purchasing managers' barometer fell to 55.3 in October from 58.8, still in expansion but below expectations of 56.1.

The Central Bank of Nigeria's Composite Purchasing Managers' Index rose to 53.0 in September from 52.7 in August, marking the fourth consecutive month of expansion, while the household expectations survey showed consumer sentiment worsening to minus 18.7 points.
The Stanbic IBTC Bank Nigeria PMI rose to 56.4 in September, with new orders and output expanding at the fastest pace since early 2022 across all four monitored sectors.