Business
CBN re-introduces publication of PMI, BES, other economic reports to foster accountability
In a bid to reaffirm its commitment to fostering transparency and accountability in the Nigerian economic ecosystem, the Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports.
Some of the reports to be published include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators, will provide stakeholders with timely and accurate insights into the country’s economic performance.
This development was announced by the apex bank’s Ag. Director, Corporate Communications, Hakama Ali On Tuesday.
“The reintroduction of these reports, part of the ongoing data enhancement initiative within the CBN, aims to ensure that the public, policymakers, and the business community have access to essential economic indicators.
“The PMI, which assesses the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, are crucial tools for understanding Nigeria’s economic climate.
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“These reports offer valuable insights into the perceptions and outlooks within the business and household sectors, respectively.
“This initiative is part of the Bank’s broader efforts to enhance transparency, promote informed decision-making, and support economic growth.
“The reports will be periodically released on the Bank’s website (www.cbn.gov.ng), ensuring that they are easily accessible to all.
“The CBN encourages 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” the statement said.
By: Babajide Okeowo
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