Nigeria’s Composite PMI Rises to 53.2 in October 2026

On 4 November, Central Bank of Nigeria data showed that the composite Purchasing Managers’ Index increased from 53.0 in September to 53.2 in October, marking a fifth consecutive month of economic expansion. The industrial PMI reached 52.6, services stood at 52.7 and agriculture rose to 54.7. The input-price index also increased by 0.7 points. The figures create demand for sector forecasting, cost analysis and business intelligence as companies assess expansion and pricing pressures. HPC can support market research, competitor analysis and data-driven commercial reports.