Activity in the construction sub-sector, proxied by the volume of cement sales, declined by 4.1% year-on-year in September 2025 to 210,826.90 tonnes, down from 219,917.77 tonnes recorded a year ago, the November 2025 Monetary Policy Report has revealed.

On a month-on-month basis, the total cement sales also decreased by 4.1% in September 2025, compared with the 219,832.35 tonnes recorded in August 2025.

Cumulatively, cement sales for the first three quarters of 2025 remained largely unchanged at 2,075,072.44 tonnes compared to 2,061,663.21 tonnes for the same period of 2024.

The relative decline in total cement sales, year-on-year, was due to a moderation in construction activities during the review period.

Vehicle Registration

The transport sector activities, gauged by new vehicle registrations by the Driver and Vehicle Licensing Authority (DVLA), improved by 45.5% to 18,209 in September 2025, from 12,511 vehicles registered during the corresponding period of 2024.

Cumulatively, vehicles registered by the DVLA within the first three quarters of 2025 increased by 36.3% to 185,455 from 136,112 recorded a year ago.

Industrial Consumption of Electricity

The industrial consumption of electricity improved by 15.4% in September 2025 to 316.36 gigawatts, as against 274.26 gigawatts recorded for the corresponding period in 2024.

In cumulative terms, electricity consumed by industries for the first three quarters of 2025 increased by 10.3% to 2,808.40 gigawatts, from 2,546.28 gigawatts for the corresponding period a year ago.