The Central Bank of Nigeria (CBN) has reintroduced the publication of Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators.
CBN, in a statement on Tuesday by its Ag. Director, Corporate Communications, Mrs. Hakama Sidi Ali said, the reintroduction of the key economic reports was part of its commitments to fostering transparency and accountability in the Nigerian economy.
The apex bank said, the reports, would provide stakeholders with timely and accurate insights into the country’s economic performance.
Mrs. Sidi Ali said, the reintroduction of the reports which was part of the ongoing data enhancement initiative within the CBN, aimed to ensure that the public, policymakers, and the business community have access to essential economic indicators.
According to her, the PMI, which assesses the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, were crucial tools for understanding Nigeria’s economic climate.
The Director said, the reports offer valuable insights into the perceptions and outlooks within the business and household sectors, respectively.
While stating that the initiative was part of the Bank’s broader efforts to enhance transparency, promote informed decision-making, and support economic growth, Mrs. Sidi Ali disclosed that the reports will be periodically released on the Bank’s website (www.cbn.gov.ng), ensuring that they are easily accessible to all.
She, therefore, encouraged economists, analysts, investors, media, and the general public to use these reports to gain a more comprehensive understanding of Nigeria’s economic dynamics, thereby fostering a more inclusive economic discourse.
