Pro­duc­tion level, in­ven­to­ries, oth­ers grew in De­cem­ber

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PRO­DUC­TION level, new or­ders, sup­plier de­liv­ery time, employment level and raw ma­te­ri­als in­ven­to­ries grew at a faster rate in De­cem­ber 2019.

The Statis­tics Depart­ment of the cen­tral Bank of Nige­ria dis­closed this in its Pur­chas­ing Man­agers’ in­dex sur­vey for the month of De­cem­ber.

The Man­u­fac­tur­ing PMI in the month of De­cem­ber stood at 60.8 points, in­di­cat­ing ex­pan­sion in the man­u­fac­tur­ing sec­tor for the 33th con­sec­u­tive month.

The in­dex grew at a faster rate when com­pared to the in­dex in Novem­ber.

Ac­cord­ing to the re­port, “All the 14 sur­veyed sub­sec­tors re­ported growth in the re­view month in the fol­low­ing or­der: petroleum & coal prod­ucts; trans­porta­tion equip­ment; plas­tics & rub­ber prod­ucts; food, bev­er­age & tobacco prod­ucts; fab­ri­cated me­tal prod­ucts; fur­ni­ture & re­lated prod­ucts.

“Pri­mary me­tal; chem­i­cal & phar­ma­ceu­ti­cal prod­ucts; print­ing & re­lated sup­port ac­tiv­i­ties; tex­tile, ap­parel, leather & footwear; ce­ment; paper prod­ucts; elec­tri­cal equip­ment; and non-metal­lic min­eral prod­ucts.”

it stated that at 61.8 points, the pro­duc­tion level in­dex for man­u­fac­tur­ing sec­tor grew for the 34th con­sec­u­tive month in De­cem­ber 2019.

The in­dex in­di­cated a faster growth in De­cem­ber, when com­pared to its level in Novem­ber 2019.

Eleven of the 14 man­u­fac­tur­ing sub­sec­tors recorded in­creased pro­duc­tion level, two re­mained un­changed while one recorded de­cline.

At 61.5 points, the new or­ders in­dex grew for the 33th con­sec­u­tive month, in­di­cat­ing in­crease in new or­ders in De­cem­ber 2019.

The in­dex grew at a faster rate, when com­pared to its level in Novem­ber 2019.

Twelve sub­sec­tors re­ported growth, one re­mained un­changed while one recorded de­cline in the re­view month.

The man­u­fac­tur­ing sup­plier de­liv­ery time in­dex stood at 60.5 points in De­cem­ber 2019, in­di­cat­ing faster sup­plier de­liv­ery time.

The in­dex had recorded growth for 31 con­sec­u­tive months.

Twelve of the 14 sub­sec­tors recorded im­proved sup­pli­ers’ de­liv­ery time, while two de­clined in the re­view pe­riod.

The employment level in­dex for De­cem­ber 2019 stood at 58.0 points, in­di­cat­ing growth in employment level for the 32nd con­sec­u­tive month.

of the 14 sub­sec­tors, 10 re­ported in­creased employment level, three re­ported un­changed employment level while one re­ported de­creased employment in the re­view month.

The Man­u­fac­tur­ing sec­tor in­ven­to­ries in­dex grew for the 33rd con­sec­u­tive month in De­cem­ber 2019.

At 62.4 points, the in­dex grew at a faster rate when com­pared to its level in Novem­ber 2019.

Twelve of the 14 sub­sec­tors recorded growth, while two re­ported de­clined raw ma­te­rial in­ven­to­ries in the re­view month.

The com­pos­ite PMI for the non-man­u­fac­tur­ing sec­tor stood at 62.1 points in De­cem­ber 2019, in­di­cat­ing ex­pan­sion in non­man­u­fac­tur­ing PMI for the 32nd con­sec­u­tive month.

The in­dex grew at a faster rate when com­pared to its level in Novem­ber 2019.

Part of the re­port read, “All 17 sur­veyed sub­sec­tors recorded growth in the fol­low­ing or­der: man­age­ment of com­pa­nies; re­pair, main­te­nance/wash­ing of mo­tor ve­hi­cles; wa­ter sup­ply, sewage & waste man­age­ment; arts, en­ter­tain­ment & recre­ation; real es­tate rental & leas­ing; util­i­ties; fi­nance & in­sur­ance; trans­porta­tion & ware­hous­ing;

“Ac­com­mo­da­tion & food ser­vices; whole­sale/re­tail trade; ed­u­ca­tional ser­vices; con­struc­tion; in­for­ma­tion & com­mu­ni­ca­tion; pro­fes­sional, sci­en­tific, & tech­ni­cal ser­vices; health care & so­cial as­sis­tance; elec­tric­ity, gas, steam & air con­di­tion­ing sup­ply; and agri­cul­ture.”

At 62.6 points, the busi­ness ac­tiv­ity in­dex grew for the 33rd con­sec­u­tive month, in­di­cat­ing ex­pan­sion in non- man­u­fac­tur­ing busi­ness ac­tiv­ity in De­cem­ber 2019.

All 17 sur­vey sub­sec­tors recorded growth in busi­ness ac­tiv­ity in the re­view month.

At 61.9 points, new or­ders in­dex grew for the 33rd con­sec­u­tive month in De­cem­ber 2019.

All the 17 sur­veyed sub­sec­tors recorded growth in new or­ders dur­ing the re­view pe­riod.

The employment level in­dex for the non­man­u­fac­tur­ing sec­tor stood at 60.8 points, in­di­cat­ing growth in employment for the thirty-sec­ond con­sec­u­tive month.

All 17 sur­veyed sub­sec­tors recorded growth in employment level in the re­view pe­riod.

At 63.1 points, non­man­u­fac­tur­ing in­ven­tory in­dex grew for the 32nd con­sec­u­tive month, in­di­cat­ing growth in in­ven­to­ries in the re­view pe­riod.

All the 17 sur­veyed sub­sec­tors recorded higher in­ven­to­ries in De­cem­ber 2019.

Photo: Air­tel Nige­ria

• L-R: Chair­man, Nige­ria Union of Jour­nal­ists, La­gos Chap­ter, Dr Qasim Ak­in­reti; Direc­tor, Cor­po­rate Com­mu­ni­ca­tions and CSR, Air­tel Nige­ria, Emeka Oparah; and Chair­per­son, Nige­ria As­so­ci­a­tion of Women Jour­nal­ists, La­gos State chap­ter, Ade­ola Ekine, dur­ing the pre­sen­ta­tion of the NUJ award to Oparah in La­gos… re­cently.

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