Brand Times

Top Menu

  • Home
  • Advert Rates
  • Contact us
  • About us
  • Download Magazine

Main Menu

  • Home
  • Brand News
    • What’s New
    • Campaign
    • CSR
  • Business
  • Technology
  • Insights
  • Industry
    • Autobrands
    • Energy
  • Special Report
  • LifeStyle
    • Health
    • Sports
    • Food
    • Movies
    • Music
  • Home
  • Advert Rates
  • Contact us
  • About us
  • Download Magazine

logo

Header Banner

Brand Times

  • Home
  • Brand News
    • What’s New
    • Campaign
    • CSR
  • Business
  • Technology
  • Insights
  • Industry
    • Autobrands
    • Energy
  • Special Report
  • LifeStyle
    • Health
    • Sports
    • Food
    • Movies
    • Music
Industry
Home›Special Report›Industry›Electrical & Electronics Sector Records Improved Performance in Production, Patronage in Q2 2023- MAN Reveals

Electrical & Electronics Sector Records Improved Performance in Production, Patronage in Q2 2023- MAN Reveals

By Brand Times
August 30, 2023
231
0
Share:
Facebook0Tweet0Pin0LinkedIn0

The Manufacturers Association of Nigeria (MAN) in it’s MAN CEO’s Confidence Index (MCCI) revealed that only the Electrical & Electronics sector witnessed an improved performance in the second quarter of 2023.

According to the report, “Only the Electrical & Electronics sector witnessed an improved performance from 49.7 to 51.4 points due to increased supply of electricity which encouraged production and patronage in the sector during the reviewed period.”

It also stated that a close observation reveals that the operating environment impacted most negatively on the activities of the Motor Vehicles & Miscellaneous Assembly which deteriorated further below the benchmark from 48.6 to 46.7 points due to unpalliated subsidy removal and reduction in sales and low demand for new vehicles because of eroded

Other sectoral groups including Food, Beverage & Tobacco (57.6); Textile Apparel & Footwear (50.5); Wood & Wood Products (50.2); Pulp, Paper, printing & Publishing (51.9); Chemical & Pharmaceutical (56.6); Non-Metallic Products (50.2); Domestic/Industrial Plastic & Rubber (57.6) and Basic Metal, Iron & Steel (54.6) reflected reduced performances in the second quarter of 2023.

However, their indices stood above the 50-point benchmark. This suggests that manufacturers operating in the groups remain confident in the macroeconomy perhaps due to the expectation of more favourable business reforms by the new administration.

Facebook0Tweet0Pin0LinkedIn0
TagsElectrical & Electronics Sector
Previous Article

Stanbic IBTC’s Profit Grows by 121% in ...

Next Article

WATISE 2023: Respite for Consumers as NCC, ...

Share:

Related articles More from author

  • Industry

    Why Co-Creation is The Future of Marketing Strategies

    July 8, 2023
    By Brand Times
  • Industry

    McEnies CEO Canvasses for Partnership Between Govt and Communication Experts To Drive Success

    August 19, 2023
    By Brand Times
  • Industry

    What ESG Means to the Marketer and How Marketing Can Make a Difference

    April 12, 2023
    By Brand Times
  • Industry

    Cannes Lions 2023: Meet The Young Creatives That Will Represent Nigeria

    April 7, 2023
    By Brand Times
  • Industry

    Marketing Professional, Emmanuel Agu Bags PhD, Emerges Overall Best Student with Highest CGPA

    July 30, 2023
    By Brand Times
  • Industry

    Omnicom’s OMD Worldwide Tops RECMA Global Pitch Ranking

    June 12, 2023
    By Brand Times

Leave a reply Cancel reply

  • Brand NewsWhat's New

    Jumia Recruits More JForce Sales Agents For Black Friday

  • Campaign

    Wema Bank Reels Out Benefits of Royal Kiddies Account for Parents, Children in New Campaign

  • Special Report

    Segun Ogunsanya Bags African Business Leader of The Year

Brand Times Magazine

Recent Posts

  • Nigeria International Gospel Music Awards 2023 Calls for Entries September 23, 2023
  • Dentsu Creative, dentsu X Win Creative, Media Awards September 23, 2023
  • YouTube Unveils New Generative AI Products to Enable Creators Reach More Viewers September 22, 2023
  • Lagos NIPR Reelects Nwankwo as Chairman, Unveils Bold Initiatives September 22, 2023
  • Slice Media Boss to Deliver Keynote Address at Legislative Workshop September 22, 2023

Recent Posts

  • Nigeria International Gospel Music Awards 2023 Calls for Entries September 23, 2023
  • Dentsu Creative, dentsu X Win Creative, Media Awards September 23, 2023
  • YouTube Unveils New Generative AI Products to Enable Creators Reach More Viewers September 22, 2023
  • Lagos NIPR Reelects Nwankwo as Chairman, Unveils Bold Initiatives September 22, 2023
  • Slice Media Boss to Deliver Keynote Address at Legislative Workshop September 22, 2023

About us

Brand Times Official Logo

Brandtimes is the number one platform for latest brand news. Brandtimes showcase all the happenings in the brand world. The present, the past and the future are all about time, Brand Times takes the world on a journey of fun, education, information and exclusive brand news.

Follow us