Stanbic IBTC Bank Nigeria PMI  2015-2017 | Data | Chart | Calendar

The Stanbic IBTC Bank Nigeria PMI increased to 53.6 in April of 2017 from 53 in the previous month. It is the strongest expansion in private sector activity since December of 2015, as new orders and output continued to rise sharply. Despite this, no changes were recorded in employment as job creation stagnated. On the price front, both input inflation and output prices slowed. Composite Pmi in Nigeria averaged 50.31 from 2015 until 2017, reaching an all time high of 54.50 in December of 2015 and a record low of 46.30 in August of 2016. Composite Pmi in Nigeria is reported by Markit Economics.

Stanbic IBTC Bank Nigeria PMI
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Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -29.00 -24.10 41.10 -29.00 [+]
Industrial Production -8.70 -3.60 20.10 -10.10 percent [+]
Manufacturing Production -2.90 -4.40 24.60 -7.00 percent [+]
Mni Business Sentiment 54.70 58.90 69.60 41.60 [+]
Services Pmi 49.50 47.10 54.00 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 51.10 47.70 53.00 41.90 [+]
Ease of Doing Business 169.00 170.00 170.00 120.00 [+]
Corruption Index 28.00 26.00 28.00 6.90 Points [+]
Corruption Rank 136.00 136.00 152.00 52.00 [+]
Changes In Inventories 127424.00 110385.00 146214.53 32488.05 NGN Million [+]
Competitiveness Index 3.39 3.46 3.81 3.37 Points [+]
Competitiveness Rank 127.00 124.00 127.00 94.00 [+]
Composite Pmi 53.60 53.00 54.50 46.30 [+]
Capacity Utilization 48.50 48.40 60.50 48.40 percent [+]


Stanbic IBTC Bank Nigeria PMI Notes

The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index measures the performance of the private sector and is derived from a survey of 400 companies from agriculture, manufacturing, services, construction and retail. The Purchasing Managers’ Index is a composite index based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the private sector activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Nigeria Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Stanbic IBTC Bank Nigeria PMI - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
53.60 53.00 54.50 46.30 2015 - 2017 Monthly



composite pmi by Country

Last
Brazil 50.40 Apr/17
China 51.20 Apr/17
Euro Area 56.80 May/17
France 57.60 May/17
Germany 57.30 May/17
India 51.30 Apr/17
Italy 56.80 Apr/17
Japan 52.60 Apr/17
Russia 55.30 Apr/17
United Kingdom 56.20 Apr/17
United States 53.90 May/17