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

Stanbic IBTC Bank Nigeria PMI in Nigeria increased to 51.9 in January of 2017 from 48.1 in the previous month. It was the first expansion in private sector activity in twelve months, mainly due to a recovery in new business and stronger domestic demand while new export work continued to decline. Businesses increased their purchasing activity for the first time since July of 2016 and subsequently stocks of inputs rose the most in 13 months, as firms build up their inventories due to a stronger demand. In addition, job shedding eased in January but backlogs of work continued to decline. Meanwhile, input costs rose faster. Composite Pmi in Nigeria averaged 49.84 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 58.90 60.90 69.60 41.60 [+]
Services Pmi 49.40 47.10 54.00 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 48.20 52.00 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 51.90 48.10 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
51.90 48.10 54.50 46.30 2015 - 2017 Monthly



Last
Brazil 44.70 Jan/17
China 52.20 Jan/17
Euro Area 56.00 Feb/17
France 56.20 Feb/17
Germany 56.10 Feb/17
India 49.40 Jan/17
Italy 52.80 Jan/17
Japan 52.30 Jan/17
New Zealand 56.20 Nov/16
Nigeria 51.90 Jan/17
Russia 58.30 Jan/17
Singapore 51.60 Jan/17
South Africa 51.30 Jan/17
United Kingdom 55.50 Jan/17
United States 54.30 Feb/17
World 53.90 Jan/17