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

The Stanbic IBTC Bank Nigeria PMI in Nigeria increased to 53 in March of 2017 from 52.2 in the preceding month. It is the strongest expansion in private sector activity since December of 2015, as new orders and output increased sharply. Also, purchasing activity accelerated and inventories reached its highest in 15 months. As a result, employment rose for the first time in five months. On the price front, input inflation rose but output prices slowed. Composite Pmi in Nigeria averaged 50.13 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 0.10 -10.10 20.10 -10.10 percent [+]
Manufacturing Production -3.30 -7.00 24.60 -7.00 percent [+]
Mni Business Sentiment 54.70 58.90 69.60 41.60 [+]
Services Pmi 47.10 44.50 54.00 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 47.70 44.60 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 124.00 127.00 127.00 94.00 [+]
Composite Pmi 53.00 52.20 54.50 46.30 [+]
Capacity Utilization 50.70 53.70 60.50 50.70 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
53.00 52.20 54.50 46.30 2015 - 2017 Monthly



Last
Brazil 48.70 Mar/17
China 52.10 Mar/17
Euro Area 56.70 Apr/17
France 57.40 Apr/17
Germany 56.30 Apr/17
India 52.30 Mar/17
Italy 54.20 Mar/17
Japan 52.90 Mar/17
New Zealand 57.40 Feb/17
Nigeria 53.00 Mar/17
Russia 56.30 Mar/17
Singapore 52.20 Mar/17
South Africa 50.70 Mar/17
United Kingdom 54.90 Mar/17
United States 52.70 Apr/17
World 53.80 Mar/17