CBN re-introduces publication of PMI, BES, other economic reports to foster accountability

CBN re-introduces publication of PMI, BES, other economic reports to foster accountability

In a move to reinforce its dedication to promoting transparency and accountability in Nigeria’s economic landscape, the Central Bank of Nigeria (CBN) has resumed the publication of several critical economic reports.

Among the reports to be released are the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators, all of which will offer stakeholders timely and accurate insights into the nation’s economic performance.

This update was disclosed by the CBN’s Acting Director of Corporate Communications, Hakama Ali, on Tuesday.

“The reintroduction of these reports is part of the ongoing data enhancement efforts within the CBN, aimed at ensuring that the public, policymakers, and the business community have access to essential economic indicators.

“The PMI, which evaluates the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, are vital tools for understanding Nigeria’s economic climate.

“These reports provide valuable insights into the perceptions and outlooks within the business and household sectors, respectively.

“This initiative is a part of the Bank’s broader efforts to enhance transparency, facilitate informed decision-making, and support economic growth.”

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CBN re-introduces publication of PMI, BES, other economic reports to foster accountability

 

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