Monthly Survey conducted by the Central Bank of Nigeria has stated that the employment level Index declined for the fifth consecutive month in June 2016. This was disclosed in a statement obtained from the CBN website yesterday. At 42.5 index points, the employment level declined at a faster rate when compared to the 44.6 points recorded in May.
The Statistics Department, CBN conducts a monthly survey of purchasing and supply executives of manufacturing and non-manufacturing organizations in 13 locations in Nigeria: – two states in each of the six geo-political zones, and the FCT. The survey for the month of June was conducted June 13th to 22nd, 2016 and recorded a response rate of 80.1 per cent, with a total of 1,562 responses received from a sample of 1,950 respondents.
According to the apex bank, 17 sub-sectors recorded declines in employment in the following order: management of companies; utilities; construction; public administration; electricity, gas, steam & air conditioning supply; accommodation & food services; professional, scientific, & technical services; information & communication; wholesale trade; finance & insurance; real estate, rental & leasing; agriculture; educational services; repair, maintenance/washing of motor vehicles; arts, entertainment & recreation; health care & social assistance and transportation & warehousing. Only the water supply, sewage & waste management sub-sector reported growth in the review month.
Non-manufacturing inventory/work in progress index stood at 47.1 index points in the review month, indicating a slower decline when compared to the 46.9 points recorded in May 2016. Twelve subsectors recorded lower inventories in the following order: professional, scientific, & technical services; construction; management of companies; electricity, gas, steam & air conditioning supply; utilities; real estate, rental & leasing; accommodation & food services; educational services; wholesale trade; repair, maintenance/washing of motor vehicles; finance & insurance and health care & social assistance.
The remaining six sub-sectors recorded higher inventory in the order: agriculture; public administration; water supply, sewage & waste management; arts, entertainment & recreation; transportation & warehousing and information & communication.
While it puts business activity at 40.2 index points, however, business activity declined for the sixth consecutive month in June 2016. 14 of the 18 sub-sectors recorded declines in the following order: construction; professional, scientific, & technical services; management of companies; accommodation & food services; utilities; real estate, rental & leasing; electricity, gas, steam and air conditioning supply; educational services; wholesale trade; arts, entertainment & recreation; repair, maintenance/washing of motor vehicles; information & communication; public administration; and finance & insurance. The remaining four sub-sectors recorded growth in the review month in the order: agriculture; water supply, sewage & waste management; health care & social assistance; and transportation & warehousing.
At 39.6 index points, new orders declined at a faster rate in the month of June 2016 when compared with that of the preceding month. The index has recorded declines for six consecutive months. Of the 18 sub-sectors, fourteen recorded declines in the following order: professional, scientific, & technical services; construction; utilities; real estate, rental & leasing; management of companies; accommodation & food services; public administration; electricity, gas, steam & air conditioning supply; educational services; wholesale trade; arts, entertainment & recreation; information & communication; finance & insurance; and transportation & warehousing.
The remaining four sectors recorded growth in the following order: agriculture; water supply, sewage & waste management; health care & social assistance; and repair, maintenance/washing of motor vehicles


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