Stanbic IBTC Bank Nigeria PMI  2015-2016 | Data | Chart | Calendar

Stanbic IBTC Bank Nigeria PMI in Nigeria came in at 47.7 in November from 47.5 in October of 2016. It was the 7th straight month of contraction, as output and purchasing activity declined and employment was broadly stagnant while new orders rose for the first time since January. On the price front, cost pressures eased in the latest, whereas charges rose at a faster pace. Businesses were reportedly able to pass higher costs on to clients thanks in part to an improvement in underlying demand. price front, cost pressures eased in the latest, whereas charges rose at a faster pace. Businesses were reportedly able to pass higher costs on to clients thanks in part to an improvement in underlying demand. Composite Pmi in Nigeria averaged 49.82 from 2015 until 2016, 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 -24.10 -12.30 41.10 -24.10 [+]
Industrial Production 0.10 -10.10 20.10 -10.10 percent [+]
Manufacturing Production -3.30 -7.00 24.60 -7.00 percent [+]
Services Pmi 42.80 43.40 54.00 41.00 [+]
Mni Business Sentiment 41.60 55.10 69.60 41.60 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 46.00 44.10 53.00 41.90 [+]
Ease of Doing Business 169.00 170.00 170.00 120.00 [+]
Corruption Index 26.00 27.00 27.00 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 47.70 47.50 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
47.70 47.50 54.50 46.30 2015 - 2016 Monthly



Last
Brazil 45.30 Nov/16
Euro Area 53.90 Nov/16
France 51.40 Nov/16
Germany 55.00 Nov/16
Italy 51.10 Oct/16
Nigeria 47.70 Nov/16
United Kingdom 54.80 Oct/16
United States 54.90 Nov/16
World 53.30 Oct/16