Nigeria’s manufacturing sector has continued its decline for the sixth consecutive month in October, according to the latest Purchasing Managers Index PMI report from the Central Bank.

The manufacturing PMI witnessed a 49.4 points dip, below the 50 percent threshold used to aggregate activities and performances, since it started the contraction in May this year.

According to the PMI report, eight subsectors from the 14 subsectors surveyed, had a slow contraction, while the remaining six recorded expansion above the 50 points.

Meanwhile, seven out of the subsectors recorded an expansion in production level, one remained at the current level, while six recorded declines in production level.

On the reverse, the report stated that the employment level index stood at 46.0 points, indicating contraction for the seventh consecutive month.