CBN Revives Publication of Key Economic Reports
BY CHINYERE OBIORA, LAGOS – Focused on reaffirming its commitment to transparency and accountability in the Nigerian economy, the Central Bank of Nigeria (CBN) has revived the publication of several key economic reports.
Among these reports are the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators.
They are meant to provide stakeholders with timely and accurate insights into the country’s economic performance.
According to the apex Bank, reintroducing the reports is part of its ongoing data enhancement initiative aimed at ensuring policymakers, the business community and members of the public have access to essential economic indicators.
A statement signed by CBN’s Acting Director, Corporate Communications, Hakama Sidi Ali said 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.
It also explained that these reports offer valuable insights into the perceptions and outlooks within the business and household sectors, respectively.
Further describing the initiative as part of CBN’s broader efforts to enhance transparency, promote informed decision-making, and support economic growth, the statement said added to the PMI and business expectations reports, the apex bank will also be publishing other macroeconomic indicators, such as inflation rates, GDP growth rates, and employment statistics.
Importantly, these reports are expected to provide a comprehensive picture of Nigeria’s economic performance and will be an invaluable resource for anyone interested in understanding the country’s economic dynamics.
Also indicating that the reports will be periodically released on its website to easy access by all stakeholders, the CBN urged economists, analysts, investors, media, and the general public to use these reports for greater and comprehensive understanding of Nigeria’s economic dynamics, thereby fostering a more inclusive economic discourse within the polity.
