PMI: Manufacturing, Agriculture Experience Higher Output Prices as Economic Activities Rose to 54.1
Dike Onwuamaeze
The Purchasing Managers’ Index (PMI) report of the Stanbic IBTC Bank has shown that manufacturing and agriculture sectors experienced the steepest increase in output prices in May 2026.
The PMI also recorded increase in productivity in the Nigerian private sector as its headline rose to 54.1 in May from 52.4 it recorded in April.
According to the report, “Employment rose in the agriculture and services sectors, but fell in manufacturing, wholesale and retail” though growth in output was recorded across all four broad sectors that were covered by the PMI survey.”
