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

Stanbic IBTC Bank Nigeria PMI in Nigeria came in at 48.1 in December from 47.7 in November of 2016. It was the 8th straight month of contraction while the lowest in 5 months, due to a slower decline in output and a marginal decrease in new business levels. Meanwhile, businesses continued to work through their backlogs, subsequently lowering headcounts at the sharpest pace in the survey’s three-year history. Also, output charges rose at a stronger pace than input prices, driven by exchange rate depreciation, rising delivery costs and higher foods prices. 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 -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 [+]
Services Pmi 47.10 42.80 54.00 41.00 [+]
Mni Business Sentiment 58.90 60.90 69.60 41.60 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 52.00 46.00 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 48.10 47.70 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
48.10 47.70 54.50 46.30 2015 - 2016 Monthly



Last
Brazil 45.20 Dec/16
China 53.50 Dec/16
Euro Area 54.30 Jan/17
France 53.80 Jan/17
Germany 54.70 Jan/17
India 47.60 Dec/16
Italy 52.90 Dec/16
Japan 52.80 Dec/16
New Zealand 56.20 Nov/16
Nigeria 48.10 Dec/16
Russia 56.60 Dec/16
Singapore 52.00 Dec/16
South Africa 51.60 Dec/16
United Kingdom 56.70 Dec/16
United States 54.10 Dec/16
World 53.40 Dec/16