MAN Capacity Utilisation in six months improve to 61.0 percent from 59.24percent in previous records

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Manufacturers Association of Nigeria (MAN) has published their annual report contains six months of manufacturing capacity utilisation which rose to 61.0 percent in the second-half of 2018, representing, 1.76percent point from 59.2.4percent recorded in the second half in 2017.

 

According to the report excerpted from MAN Annual Report 2018 which was endorsed by Segun Ajayi-Kadir, the Director General of MAN showed an increased in capacity utilization by 6.5percent point growth when compared 54.5percent recorded in the first half of 2018.

 

“The Capacity utilization in the manufacturing sector has average57.8 percent in 2018, showing 0.66percentage point increase from 57.14percent average of 2017.

 

“The increased capacity utilization in the sector over the review period was due to general improvement in the macro-economy and the sustained stability in the forex market.


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